To combat the housing affordability crisis by prohibiting banks, corporations, and large investment firms from acquiring residential properties solely for rental income. This policy seeks to curb speculative investment in housing, prioritize individual and family homeownership, and stabilize communities by ensuring that residential properties are used primarily for housing rather than profit generation. In cases where a home is being foreclosed on would not be banned from being taken over by banks.
Related Topics
Policy | Replies | Views | Activity | |
---|---|---|---|---|
Ban on Corporate Ownership of Single-Family Homes | 0 | 9 | November 7, 2024 | |
Restrict corporate ownership in the housing market | 0 | 5 | November 8, 2024 | |
Corporate restrictions on residential property ownership | 2 | 28 | December 25, 2024 | |
Proposal to ban foreign and domestic corporations from owning residential homes | 2 | 12 | December 25, 2024 | |
Ban financial institutions and corporations from owning single-family homes | 2 | 41 | October 14, 2024 |