Fund the fight to pass the Stop Predatory Investing Act now!
In too many communities, Wall Street private equity firms are buying up thousands of starter homes, reducing their availability to first-time home buyers, then jacking up rent while neglecting repairs and forcing families to move out. As a result, they are able to monopolize the housing market in towns and neighborhoods and send housing prices skyward.
This is where the Stop Predatory Investment Act comes in. It will restrict tax breaks for big investors that hold over 50 properties, to help reduce their big-money advantages in the affordable single-family home market, making homeownership more accessible for many families.
Senator Brown says the bill will help “put power back in the hands of working families, who need a safe, affordable place to live and raise their children.” Senator Ed Merkley builds on this idea, saying “The housing in our neighborhoods should be homes for people, not profit centers for Wall Street.”
The bill is crucial for protecting the long-term stability of communities, keeping the supply of single-family housing affordable, and supporting the self-sufficiency of low-income individuals and families. It will prioritize community needs over the greed of for-profit corporations and big investors.
Contribute to Americans for Financial Reform and fund the fight to pass the Stop Predatory Investing Act now!
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