Sykes, Evans Introduce Bill to Crack Down on Corporate Investors Buying Up Local Homes, Driving Up Housing Prices
October 03, 2024
October 03, 2024
WASHINGTON, Oct. 3 -- Rep. Emilia Strong Sykes, D-Ohio, issued the following news release:
Legislation Would Restrict Tax Breaks for Private Equity Firms and Other Large Outside Investors that Buy Up Homes in Local Communities
AKRON, OH U.S. Representatives Emilia Sykes (OH-13) and Dwight Evans (PA-03) introduce the Stop Predatory Investing Act to restrict tax breaks for big corporate investors that buy up homes, often driving up local housing prices and rents. This leg . . .
Legislation Would Restrict Tax Breaks for Private Equity Firms and Other Large Outside Investors that Buy Up Homes in Local Communities
AKRON, OH U.S. Representatives Emilia Sykes (OH-13) and Dwight Evans (PA-03) introduce the Stop Predatory Investing Act to restrict tax breaks for big corporate investors that buy up homes, often driving up local housing prices and rents. This leg . . .