Study ordinance to limit corporate property purchases
In Plain English
Corporations and investors are buying large numbers of Richmond homes, driving up prices and displacing residents. The city faces reduced housing supply as entities accumulate properties for profit rather than community ownership. If approved, staff studies state and federal laws within 180 days to recommend local rules limiting these purchases.
Auto-generated summary. Source: official agenda documents.
Public Comments
6 public comments — 6 spoken
- River AllenIn person
- Patricia AguiarIn person
- Raul VasquezIn person
- River AllenIn person
- Patricia AguiarIn person
- Raul VasquezIn person
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