WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) introduced a bill to help lower housing costs for Nevada families. The Housing Oversight and Mitigating Exploitation (HOME) Act would crack down on price gouging by corporate investors who are buying up housing stock and driving up home prices.
KOLO Reno: Rosen introduces bill restricting corporations buying housing
- Nevada Senator Jacky Rosen is introducing a bill that would impose restrictions on corporations buying housing.
- Rosen introduced the Housing Oversight and Mitigating Exploitation Act, which she says will crack down on what she calls price gouging from corporate investors she accuses of driving up the price of homes.
- “Hardworking Nevada families are being squeezed by the rising costs of housing, and we know part of the problem is corporate investors who buy up homes and drive up prices,” said Senator Rosen. “I’m introducing this bill to crack down on corporate price gouging in the housing market and lower costs for Nevadans. Every Nevadan deserves an affordable place to call home, and I’m committed to doing everything I can to lower costs and give Nevadans more breathing room.”
KVVU Las Vegas: Rosen Introduces Bill to Crack Down on Corporate Price Gouging in the Housing Market
Anchor: “Senator Jacky Rosen is back with a new bill aimed at limiting corporate homeownership in Nevada. The lawmaker says the goal is to protect Nevada families and keep housing affordable for local residents…. Nevadans in Clark County and Northern Las Vegas told us they were struggling to compete against large investors, with some neighborhoods being almost entirely corporate-owned. Rosen says her new legislation would … help ensure local families have a fair shot at home ownership. She believes this bill will keep housing affordable and Nevada communities strong.”
Telemundo Las Vegas: Rosen Introduces Bill to Crack Down on Corporate Price Gouging in the Housing Market
Anchor: “La Senadora Jacky Rosen presentó la ley ‘HOME’ para reducir los costos de vivienda aquí en nuestro estado. Esta propuesta busca frenar el aumento de precios causado por inversionistas corporativos que compran propiedades en masas. Son buenas noticias. La ley prohibiría precios abusivos durante crisis de vivienda, autorizaría investigaciones sobre manipulación del mercado, limitaría inversiones de entidades como Fannie Mae y Freddie Mac en empresas que violan derechos de inquilinos y promovería un análisis conjunto del comportamiento anticompetitivo en el mercado residencial. El objetivo principal es garantizar viviendas asequibles para todas las familias de Nevada.”
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