SACRAMENTO, Calif., June 24 -- The California State Assembly Democratic Caucus issued the following news release:
Assemblymember Alex Lee released the following statement after Congress passed the 21st Century Road to Housing Act, which bans corporate landlords from buying up any more single-family homes:
"The 21st Century Road to Housing Act is a major win in restoring homeownership opportunities for working families. For far too long, Wall Street has monopolized our neighborhoods and made our limited supply of for-sale homes even more limited. By tapping into their vast wealth, private equity firms are outcompeting first-time homebuyers with all cash offers. The bipartisan federal ban is a crucial step in stopping Wall Street greed, and...