Across the country, big corporations and private equity firms are buying up single family homes and turning them into rentals. Many target smaller, lower cost houses, often called starter homes, so they can raise rents and make their money back quickly. That makes it harder for young families and working people to buy their first home and start building wealth.
 
Our housing policy should help people move up in life, not help big corporations, investors, and speculators pad their pockets.
 
For that reason, we will be introducing legislation to limit how many single family homes large investors and financial institutions can own in Pennsylvania. The goal is to prevent large corporate takeovers of housing while still protecting small, local “mom and pop” landlords.
 
The problem is growing. A 2025 report from the Lincoln Institute of Land Policy found that corporate ownership of residential properties in Philadelphia rose from 8.8 percent in 2023 to 10.8 percent in 2025.
 
Homeownership has long been one of the main ways families build stability and wealth. We must make sure everyday people still have a fair shot at owning a home. Please join us in cosponsoring this important bill.