Brown, Colleagues Introduce Bill to Crack Down on Big Corporate Investors that Buy Up Local Homes, Drive Up Housing Prices

Press Release

"In every corner of the country, giant financial corporations are buying up housing, taking advantage of big tax breaks, and driving up both rents and home prices. The affordable housing crisis that so many of our communities are facing is leaving working families behind, and private businesses who are snatching up any available homes to pad their own real estate portfolios are pouring fuel on this already out-of-control fire. The housing in our neighborhoods should be homes for people, not profit centers for Wall Street. It's past time we ended the tax subsidy supporting these investors."

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