WASHINGTON, April 2 -- Sen. Reverend Warnock issued the following press release:
Today, U.S. Senator Reverend Raphael Warnock (D-GA) joined local leaders and housing advocates in Paulding County to voice his opposition to private equity and large corporations buying up single family homes in metro-Atlanta and across Georgia. This issue has become a growing problem for first time home buyers in the region, with more than 1 in 4 single-family rental homes - 70,000 properties - owned by large corporations. Institutional investors control more homes (https://www.gao.gov/products/gao-24-106643) in metro-Atlanta than any other area in the country.
As a member of the Senate Banking Committee, which oversees federal housing policy, Senator Warnoc...