From Investing.com: 2025-06-13 01:58:00

The “Humans over Private Equity for Homeownership Act” is a bill sponsored by Senator Jeff Merkley and co-sponsored by several other senators, including Angus King, Chris VanHollen, Ruben Gallego, Bernie Sanders, and Mark Kelly. The bill aims to evict 700,000 families who are currently renting single-family homes owned by large investment firms. Merkley claims that this bill would affect about 700,000 homes today and 40% of all single-family rentals by 2030, totaling about 5 million homes.

The bill has raised concerns about prejudice and the negative impact on communities. Critics argue that the bill targets large investment firms that provide rental homes to families, forcing them to divest their properties. The bill claims that these investors do not add value to communities and only seek profits. The bill also highlights deceptive practices, poor management, inadequate property maintenance, and higher eviction rates by these investment firms, particularly targeting Black families and vulnerable single parents.

While some believe that the bill would help families access homeownership opportunities, others argue that it would lead to mass evictions and harm vulnerable communities. The bill intends to force large investment firms to sell their properties to families who do not own any other residential property, rather than to other corporations. The debate surrounding the bill raises questions about the impact on housing availability and affordability, as well as the role of large investors in the housing market.



Read more at Investing.com: Are We Going to Legislate Mass Evictions?