Corporate ownership of rental single family housing has been on the rise since the wake of the Great Recession of 2008. This phenomenon has significant implications for the rights and tenure of tenants, particularly those in low-income and minority communities. Corporate landlords, with their fiduciary mandates to their shareholders, act with aggressive tactics such as "Re-tenanting" and the use of algorithms to reset rents, therefore maximizing profits over the humane considerations that individual landlords tend to offer their tenants. Our panelist will discuss the growing awareness of corporate ownership of rental housing and its relationship to housing affordability and stabilization. They will also explore a range of possible solutions including the promotion of Tenant Opportunity to Purchase policies and the growing trend towards revival of rent stabilization laws.
The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for this program.