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New bill aims to curb mass-scale corporate home buys in Georgia
The ROAD to Housing Act aims to cap corporate ownership at 350 homes to help first-time buyers compete in markets where investors own over 25% of single-family rentals, Warnock said.
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2 Articles
Will Congress crack down on mega-homebuyers before Georgia?
US Sen. Raphael Warnock (D-Georgia) is betting Congress is finally ready to take a serious swing at corporate homebuyers’ grip on housing markets nationwide. The bipartisan ROAD to Housing Act, expected to reach a full Senate vote on Friday, would bar institutional investors that already own over 350 single-family homes from buying more. Violators would be fined $1 million or up to triple the excess homes’ purchase price, whichever is higher. T…
Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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