Rosen Introduces Bill to Crack Down on Corporate Price Gouging in the Housing Market

WASHINGTON, DC– U.S. Senator Jacky Rosen (D-NV) introduced a bill to help lower housing costs for Nevada families. TheHousing Oversight and Mitigating Exploitation(HOME) Act would crack down on price gouging by corporate investors who are buying up housing stock and driving up home prices.
“Hardworking Nevada families are being squeezed by the rising costs of housing, and we know part of the problem is corporate investors who buy up homes and drive up prices,”said Senator Rosen.“I’m introducing this bill to crack down on corporate price gouging in the housing market and lower costs for Nevadans. Every Nevadan deserves an affordable place to call home, and I’m committed to doing everything I can to lower costs and give Nevadans more breathing room.”
“Senator Jacky Rosen has been a steadfast advocate for affordable housing in Nevada, working tirelessly to address the challenges faced by families across the state. The Nevada Housing Coalition is proud to support her efforts for the HOME Act,”said Maurice Page, Executive Director of Nevada Housing Coalition.“This bill is a direct reflection of her deep commitment to ensuring all Nevadans have access to safe, affordable housing. It not only addresses the immediate needs of our housing crisis but also lays the groundwork for a more equitable and prosperous future for all Nevadans. We urge all stakeholders – policymakers, community leaders, and citizens – to support this transformative Act.”
Specifically, theHousing Oversight and Mitigating Exploitation(HOME) Act would:
Senator Rosen has been fighting to lower housing costs for hardworking Nevadans. Last week, she helpedintroduce a billthat would provide a tax credit for first-time homebuyers. She also recentlyjoined a bipartisan billto help lower housing costs and incentivize housing development in Nevada. Additionally, Senator Rosen has pushed the Trump Administration toreverse courseon imposing tariffs on Canada and Mexico to prevent housing prices from rising even further.
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