Receive presentation on banning corporate purchases of residential properties

Housing & HomelessnessGovernance

In Plain English

Large corporations and investors have been buying up single-family homes in Richmond and other cities. This practice reduces homeownership opportunities for residents and can drive up housing costs. The presentation will explore whether Richmond could pass a law restricting these corporate purchases. If approved, city attorneys will research the legal risks of such a ban.

Auto-generated summary. Source: official agenda documents.