Democratic senators including Banking Chair Sherrod Brown and Elizabeth Warren want to restrict tax breaks for large corporate investors that buy local homes and often drive up costs.
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In too many communities, "big investors funded by Wall Street buy up homes that could have gone to first-time home buyers, then jack up rent, neglect repairs, and threaten families with eviction," said Ohio Senator Brown in a statement.
The legislation would also encourage big investors to sell single-family rental homes back to homeowners or nonprofits in the community.
