Chris Van Hollen: “today, I am cosponsoring the American Homeownership Act. When Wall Street buys up homes in communities across the…”

“today, I am cosponsoring the American Homeownership Act. When Wall Street buys up homes in communities across the country, we have all too often seen families get squeezed by higher costs and abusive landlords. This bill is an important step toward making a home more affordable and accessible. It would limit tax breaks for private equity firms and big corporations that acquire housing, expand investments in affordable housing programs, and crack down on companies that take control of the housing supply in a community. As we work to tackle Wall Street's role in our housing market, it is critical that we support efforts to rehabilitate existing housing stock and revitalize neighborhoods with new investment. I appreciate Senator Warren's thoughtful consideration of these issues, and I will work with my colleagues to ensure they are effectively addressed in this legislation.”