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Statement From Rhino CEO Paraag Sarva On the Introduction of Renter Choice Legislation In Cincinnati, Ohio’s City Council

November 21, 2019 GMT
Statement From Rhino CEO Paraag Sarva On the Introduction of Renter Choice Legislation In Cincinnati, Ohio’s City Council
Statement From Rhino CEO Paraag Sarva On the Introduction of Renter Choice Legislation In Cincinnati, Ohio’s City Council

NEW YORK--(BUSINESS WIRE)--Nov 21, 2019--

I applaud Cincinnati Council Member PG Sittenfeld for his bold leadership in introducing renter choice legislation and Cincinnati Mayor John Cranley for his support of this action. Renters should be empowered to make decisions based on their own unique financial situations, and offering them an opportunity to replace cash security deposits with an insurance alternative will save them millions of dollars. Insurance solutions helped renters save over $200 million in upfront move-in costs in the past year alone, and Council Member Sittenfeld’s initiative to offer deposit alternatives to all in the Cincinnati rental marketplace will deliver opportunity for hardworking renters and an economic development win for all. The courageous, constituent-first leadership shown by Council Member Sittenfeld and Mayor Cranley should serve as an example to elected officials around the country as to how to respond to our affordability crisis.

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Rhino CEO Paraag Sarva and Rhino Director of Public Policy Jordan Stein (Photo: Business Wire)

Just over a month ago, Rhino released our Renter Choice and Flexibility Plan as a call to action for elected officials to take direct, pragmatic steps to address the financial burden that high upfront move-in costs place on renters across our country. As Americans of all ages grapple with things like rising rents, steep healthcare costs, and mountains of student loan debt, more and more people are unable to save for their futures. Elected officials have an opportunity to rise to this occasion and provide renters with choices to dramatically lower costs.

Rhino will continue its efforts to engage with city and state government officials nationwide to urge them to embrace efforts to bring choice to renters, following the lead of Council Member Sittenfeld and Mayor Cranley.

About Rhino

Rhino was founded with a goal to empower and improve the lives of renters. Our mission is to build products and services that give renters a more affordable way to live in the homes they want. Today, Rhino offers hundreds of thousands of renters a choice to reduce their upfront move-in costs, providing flexibility and financial freedom.

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CONTACT: Jordan Stein

jordan@sayrhino.com

KEYWORD: NEW YORK OHIO UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CONSULTING RESIDENTIAL BUILDING & REAL ESTATE URBAN PLANNING CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES OTHER CONSUMER STATE/LOCAL OTHER POLICY ISSUES PUBLIC POLICY/GOVERNMENT CONSUMER FINANCE

SOURCE: Rhino

Copyright Business Wire 2019.

PUB: 11/21/2019 10:00 AM/DISC: 11/21/2019 10:01 AM

http://www.businesswire.com/news/home/20191121005601/en