California bill targeting 'housing-shortage profiteers' by limiting ownership passes Assembly [USA TODAY]
Invitation Homes Inc. (INVH)
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Source: USA TODAY
Democratic Rep. Alex Lee says that while the bill won't solve the state's housing crisis, it targets the most egregious corprations. The bill has been passed to the Senate Rules Committee for assignment to a policy committee. A bill limiting the number of houses that a corporation can buy has passed the California State Assembly and is now in the state Senate. introduced by , would prevent businesses from buying more than 1,000 single-family home properties and renting them out, as enforced by the state's Attorney General. Lee says such institutional investors profit off of real estate markets with increasing rents while outbidding everyday Californians who are trying to buy homes. The vote passed the Democratic-controlled Assembly on Tuesday with 48 in favor and 11 against, with at least two Republicans showing support. California has some of the fastest-rising housing costs in the country. In April, the surpassed $900,000 for the first time in history. Lee acknowledges
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- 4/30/24 - Miss
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- 6/14/24 - Form 8-K
- 6/14/24 - Form 424B5
- 6/14/24 - Form S-3ASR
- INVH's page on the SEC website