Georgia Representative Phil Olaleye Aims to Prevent Large Private Investment Funds From Owning More Than 25 Homes in the State
Idea Category: Housing
Georgia Representative Phil Olaleye has introduced legislation which aims to prevent private investment funds with more than $6 million in assets from owning more than 25 homes in the state. Investment funds account for over a third of recent home purchases in metro Atlanta, a trend driving up housing prices and putting the dream of home ownership further out of reach for many residents. “It’s not just affecting urban cities,” Olaleye said. “It affects suburban cities, exurban cities, and rural cities. We have got to open up more homes so that people… have an opportunity to purchase homes.”
More Idea’s From Phil Olaleye
Georgia State Representative Phil Olaleye Presents Bill Package Focused On Housing Initiatives
Idea Category: Housing | Funding Source: ARP
Protect The Dream Act
Idea Category: 2025 Ideas Challenge, Economic Opportunity & Affordability | Funding Source: ARP
Georgia Representative Phil Olaleye and Senator Jason Estevez Introduce Legislation to Change the Decades-Old Formula States Use to Determine Public School Funding
Idea Category: Education | Funding Source: ARP
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