WAUSAU, Wis. (WRN) — A bill to limit housing owned by large corporations.
Wisconsin Democrat Tammy Baldwin is encouraging the House to take up a Senate passed measure that would limit the number of single-family homes owned by corporations.
“Corporate investors, private equity firms have gobbled up hundreds of homes that would otherwise be available for purchase and now are rental only,” Baldwin said.
The “21st Century ROAD to Housing Act” would prevent those corporations or firms from owning more than 350 homes and provide them with time to divest to get under that number. She applauds the companies that have gotten creative to help fill the housing need.
“Whether it was the folks that are involved in the modular home industry where they can create efficiencies of scale or folks who have been really focusing their construction efforts on affordable and workforce housing,” Baldwin said.
Wisconsin Republican Ron Johnson was among the ten Senators to vote no on the bill which may or may not come to a vote in the House. Baldwin commented Monday during a discussion hosted by the Greater Wausau Chamber of Commerce.