RENO, NV – In Reno, U.S. Senator Jacky Rosen (D-NV) held a roundtable to discuss her efforts to lower housing costs. One of the ways Senator Rosen is tackling the housing affordability crisis is by going after corporate investors who are price gouging Nevadans. Senator Rosen’s Housing Oversight and Mitigating Exploitation (HOME) Act will help lower housing costs for families by cracking down on artificial hikes in rents and property costs in Nevada and across the country during a housing crisis like the one we are experiencing now.
KRNV Reno: Senator Rosen leads housing affordability roundtable amid soaring Nevada home prices
Reporter: “Recent legislation from Rosen aims to lower housing costs by cracking down on price gouging by corporate investors, making it illegal for anyone to rent or sell a unit at an unreasonable price during an affordable housing crisis. ”
KOLO Reno: Senator Rosen Discusses Legislation to Crack Down on Price Gouging in the Housing Market
Anchor:“Senator Jacky Rosen made a stop in Reno to say she’s fighting price gouging by corporate investors who buy up housing stock to drive up mortgage and rent costs. For example, a Miami-based investment firm known as Starwood Capital Group sold 264 homes in Clark County for $98 million to Dallas-based Invitation Homes. Large transactions like these make market manipulation much easier, and they do happen. Senator Rosen introduced the House Oversight and Mitigation Exploitation (HOME) Act. That bill would direct HUD to investigate price manipulation and make it illegal for anyone to rent or sell a unit at an unreasonable price during an affordable housing crisis. Collected fines would then go to the National Housing Trust Fund.”
KTVN Reno: Senator Rosen Discusses Legislation to Lower Housing Costs
Senator Rosen: “Every Nevadan should have a home, and corporate investors are coming to Nevada, they are buying up homes, buying up apartment buildings, and they are jacking up the prices so people cannot afford to live in the community.”
Anchor: “The senator joined a roundtable with several community leaders to discuss what can be done to lower housing costs. One bill she recently introduced would direct federal officials to investigate price manipulation and gouging by investors. It would also make it illegal for anyone to rent or sell a unit at an unreasonable price during an affordable housing crisis, which the senator says the state is experiencing right now.”
###
