Senate Democrats unveil proposal to discourage private equity ownership of homes
Source: The Hill
02/24/26 8:21 AM ET
Senate Democrats, led by Sens. Elizabeth Warren (Mass.) and Jeff Merkley (Ore.), unveiled a bill to rein in private equity ownership of housing at a time when the country is facing an estimated shortage of more than 7 million affordable homes.
The bill, called the American Homeownership Act, would end major federal tax deductions and other housing benefits for investment funds and corporations that have bought up tens of thousands of homes, which Democrats say is limiting the supply of housing for first-time and middle-income home buyers.
The legislation would reinvest the savings from ending corporate tax breaks into increasing the supply of affordable housing. It would also empower antitrust enforcers to combat large-scale corporate housing acquisitions that Democrats say are squeezing out families.
“Today Democrats are introducing legislation to stop Wall Street from snapping up homes in bulk and jacking up rent for families,” Warren, the ranking member of the Senate Banking Committee, said in a statement. “This bill will take on predatory landlords while making investments to increase housing supply and boost homeownership for Americans.”
Read more: https://thehill.com/homenews/senate/5752146-senate-democrats-bill-private-equity-ownership-housing/
Link to Sen. Merkley PRESS RELEASE - Senate Democrats Introduce The American Homeownership Act To Stop Wall Street’s Housing Grab and Get Homes Back into the Hands of Families
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private equity creates jobs and brings value to all its investments."
