Senate Democrats unveil proposal to discourage private equity ownership of homes

Senate Democrats unveil proposal to discourage private equity ownership of homes

Senate Democrats led by Sens. Elizabeth Warren (Mass.) and Jeff Merkley (Ore.) have unveiled a bill to rein in private equity ownership of housing at a time when the country is facing an estimated shortage of more than 7 million affordable homes. The bill, called the American Homeownership Act, would end major federal tax deductions…

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