Bill > HR1103

This resolution, originating from the House of Representatives, encourages state and local governments to take action to decrease the ownership of residential properties by large financial entities often referred to as "Wall Street landlords." The resolution highlights concerns that these large investors are driving up rents and making it harder for people to afford homes, particularly in urban and rural communities. It references the Neighborhood Assistance Corporation of America (NACA), a group that has been informing tenants about these practices and advocating for policies like the Neighborhood Ownership, Accountability, and Transparency Act, which aims to require these landlords to sell properties to individuals who will live in them on affordable terms and to stop government support for such investors. The ultimate goal of this resolution is to foster the state's prosperity, make housing more affordable, and empower local governments to use their authority to benefit residents.

Government Affairs

https://www.legis.ga.gov/legislation/72484