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tenants rights
Harris to Target Predatory Wall Street Landlords With Four-Year Housing Plan
The Democratic nominee is expected to endorse a crackdown on algorithmic price-setting by big landlords and an end to tax breaks for corporate investors that buy up single-family homes.
Aug 16, 2024
Democratic presidential nominee Kamala Harris on Friday is set to outline a four-year housing plan that would promote the construction of 3 million new housing units, provide substantial down-payment aid to first-time homebuyers, and strip away tax incentives for corporate investors that
purchase single-family homes and drive up prices to pad their bottom lines.
Harris'
proposals to tackle the nation's worsening housing crisis are part of a broader economic agenda that the vice president will lay out in a speech Friday afternoon in North Carolina.
Harris, who recently pledged to "take on corporate landlords and cap unfair rent increases," is expected to urge Congress to pass a pair of bills that would crack down on algorithmic price-setting by big landlords and bar corporate investors who buy up 50 or more single-family rental homes from taking advantage of tax breaks, building on President Joe Biden's push for corporate landlords to cap rent hikes.
A recent report by the Government Accountability Office (GAO) found that just 32 institutional investors owned a combined 450,000 single-family homes in the U.S. and the five largest investors owned nearly 300,000 homes. Institutional investors control 25% of the single-family rental housing market in Atlanta, Georgia, according to the GAO.
Another major component of Harris' housing plan calls for providing up to $25,000 in down-payment assistance to "working families who have paid their rent on time for two years and are buying their first home."
Harris' campaign said the plan would "expand the reach of down-payment assistance, allowing over 4 million first-time buyers over four years to get significant down-payment assistance."
"Trump likes to talk about being a builder, but when he was president, he simply never got it done. Now, his Project 2025 agenda will make it more expensive to rent or buy a home," the Harris campaign said Thursday. "Year after year during his presidency, Trump tried to gut rental assistance programs. New home construction slowed while Trump was in office—tightening the housing crunch and enabling his wealthy friends to profit."
Housing justice advocates applauded the emerging details of Harris' plan, arguing that persistent tenant organizing has helped elevate the hardships of renters to the top of the Democratic Party's priority list for 2024 and beyond.
"How did these get on the agenda? Organized renters making good trouble," the Alliance for Housing Justice wrote on social media.
In recent months, progressives and tenant organizers have worked to make housing central to the 2024 campaign as renters across the U.S. struggle to make their monthly payments and as sky-high prices, elevated interest rates, and supply shortages box out first-time homebuyers. Housing costs accounted for roughly 90% of the overall increase in the Consumer Price Index last month, according to the Bureau of Labor Statistics.
A recent research brief by Russell Weaver of Cornell University stressed that tenants impacted by the nation's housing affordability crisis are a "large, untapped political base—especially for Democrats and progressives."
"Candidates who campaign on housing affordability and tenant protections have the potential to significantly boost renter turnout, which could be decisive in tightly contested races," Weaver said.
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The US Has a Housing Crisis, Not a Squatting Crisis
The real estate lobby is using its power to advance a flurry of anti-squatter bills to push back against tenant protections enacted in the early years of the Covid-19 pandemic. Lawmakers should not take the bait.
Aug 11, 2024
Alabama, Tennessee, and Florida’s new anti-squatter laws all went into effect in the last two months, the latest exhibit of the real estate industry’s influence in American politics. In this year alone, at least 10 states have considered legislation that revokes tenancy rights, making squatting—when someone moves into a vacant building or onto uninhabited land—a criminal matter instead of civil one.
While the fear-mongering around squatting started as a right-wing talking point, now anti-squatter bills have passed in several states with bipartisan support. Earlier this year, in New York, where Democrats dominate politics, Gov. Kathy Hochul and several state legislators took a victory lap after passing a budget bill that declared that squatters don’t have the same rights as tenants, and to support property owners statewide.
Some would assume that these legislative actions were taken in response to a threat of a mass takeover of homes in cities across the country. But in reality, as many experts have rightly pointed out, squatting is extremely rare. A threat does exist, which is why we’re seeing a rise in this legislation. It’s just not to property owners. It’s to the power of the real estate lobby.
The manufactured crisis around squatters is meant to distract from the fact that over half of Americans struggle to pay their rent or mortgage every month.
As outlined in a new report by the Private Equity Stakeholder Project and others, the real estate lobby is a sprawling, interconnected group of representatives from the top corporate apartment owners and managers in the country, who—by having members sit on each other’s boards—can tap into an enormous shared pool of resources that they’re using to destabilize communities across the country.
The lobby is using this power to advance a flurry of anti-squatter bills to push back against tenant protections enacted in the early years of the Covid-19 pandemic. This was a time when millions of people in the United States were kept in their homes thanks to policies like rental assistance expansion and foreclosure and eviction moratoria. For many of us, it was the first time we witnessed our country recognize the public health and economic value of keeping people in their homes. These protections made clear that regardless of race, class, or housing tenure, housing stability is the foundation for thriving communities.
Now, real estate industry groups, the second biggest lobbying spender in the U.S., are using anti-squatter legislation in a desperate attempt to undercut that progress. Capitalizing on America’s heightened anxiety about the housing crisis, they are scaring people into believing that tenant protections come at the expense of homeowners. Lawmakers should not take the bait.
At best, these bills are reactionary responses to a problem that doesn’t exist. At worst, they represent the worst of election season fear-mongering: anti-immigrant sentiment, dog-whistle racism, and calls for law and order. Look no further than the Florida attorney general’s celebration of legislation declaring that immigrants were taking over homes across the state, based on a viral TikTok. In reality, most states already have laws that address squatters adequately—it’s tenant protections that remain significantly weaker relative to property rights.
Advancing anti-squatter legislation is a slippery slope to eroding eviction protections passed during the last few years, and that’s exactly what the real estate lobby wants: They themselves refer to squatter legislation as “eviction policy.” Clearly, they are hoping to put legislators on a path to repealing hard-fought regulations to protect tenants by inferring a false equating of squatters (who live in vacant properties without legal agreements) and tenants (who legally inhabit homes with leases).The bills put any resident with tenant or ownership interest at risk of immediate displacement, often by a law enforcement agency, without the normal requirement of notice, proof, and judicial review before someone is removed from their home.
But their efforts to undo these gains won’t be easy, because the tide has turned in support of tenant protections as a way to address our housing crisis. In poll after poll, people in the United States say they want to see governments take action to alleviate the cost of housing. This has quickly become a front-burner issue for Americans and a top priority for them in the presidential election, only second to inflation. A recent survey of voters in battleground states found that 82% of renters believe that, if addressed, the cost of rent and housing would make their personal situation better.
The manufactured crisis around squatters is meant to distract from the fact that over half of Americans struggle to pay their rent or mortgage every month. And that a tenant-led movement to change this reality is building political power, winning local elections, and influencing federal policy.
Considering this, one can see why the real estate lobby, which amassed over $2.5 billion in revenue during the height of the pandemic, is grasping at straws to stay relevant to legislators. While it’s trying to ramp up efforts to unravel tenant protections, the lobby itself—the National Association of Realtors (NAR)—is unraveling. From Department of Justice investigations and anti-trust lawsuits to sexual harassment allegations, and a musical chairs of presidents and CEOs in the last two years, members are not happy. In October 2023, Redfin announced it would require many of its brokers to cancel their NAR memberships and stop paying dues. Reports of NAR running out of liability insurance coverage and rumors of real estate moguls starting alternative associations show cracks in a foundation that will be difficult to repair. No amount of fresh paint, even if it is in the form of throwing tenants under the bus, can fix such dysfunction. But they’ll try as long as they can.
As America increasingly becomes a nation of renters, lawmakers can’t lose sight of the bigger picture: We have a housing crisis, not a squatter crisis. Millions of people calling on leaders to alleviate their suffering cannot afford to be sold out with this distraction. Lawmakers should pass policies that we know advance housing stability, instead of doing the bidding of those attacking it.
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Analysis Shows Embracing Bold Renter Protections Can Help Democrats Win in 2024
"Tenant protections aren't just good policies—they're good politics," said one housing justice campaigner.
Jun 18, 2024
An analysis released Tuesday bolsters an argument that progressive lawmakers and organizers have been making with growing urgency in the lead-up to the critical November elections: Housing should be at the top of the Democratic Party's—and President Joe Biden's—agenda.
The research brief, authored by Russell Weaver of the Cornell University School of Industrial and Labor Relations (ILR) Buffalo Co-Lab, shows that tenants are a "large, untapped political base" that can be mobilized by candidates who offer bold solutions to the housing crisis and support the rights of renters against the predatory landlords squeezing them for profit.
While homeowners typically turn out to vote at a far higher rate than tenants, Weaver noted, the "owner-renter turnout gap is nearly cut in half when candidates run on renter-friendly platforms." Renters in New York state (NYS)—the focus of the new analysis—are more likely than homeowners to be registered as Democrats or members of the Working Families Party.
Analyzing the results of New York's statewide general election in 2022, Weaver found that NYS tenants "might have been relatively motivated to turn out for candidates who were vocal supporters or co-sponsors of the 2022 state-level Good Cause Eviction bill, which protects renters against rent hikes and evictions."
"In NYS Senate races that did not feature such a candidate, the average turnout rate among likely renters was roughly 29% (after adjusting for race-ethnicity and political party)," Weaver wrote. "In races that included Good Cause proponents, however, average renter turnout was more than five percentage points higher, at 34.1%—a statistically significant difference."
Weaver said in a statement that his analysis underscores that "candidates who campaign on housing affordability and tenant protections have the potential to significantly boost renter turnout, which could be decisive in tightly contested races."
"An organized tenant voting bloc could be the key to jump-starting a statewide housing policy agenda that works for all New Yorkers," said Weaver.
The findings could also have implications for national races as rent remains high across the country, leaving roughly half of U.S. tenants unable to afford their monthly payments as corporate landlords and billionaire investors gobble up rental properties and drive up costs. The Federal Reserve is also making the crisis worse by keeping interest rates elevated.
"This brief tells us what we already know: Renters are a powerful voting bloc that will determine the 2024 election," Katie Goldstein, a housing justice organizer at the Center for Popular Democracy (CPD), said of Weaver's analysis. "We can't leave these votes on the table."
"Tenant champions who run on these issues will be rewarded at the ballot box—and politicians who fail to do so will be voted out of office."
CPD, Right to the City Action, and HIT Strategies released survey data earlier this month showing that 87% of U.S. voters believe the "cost of rent and housing is a major or big problem in their state" and that 70% said they are "more likely to vote for someone who supports rent stabilization policies."
The new research brief and polling data strengthen the case for making housing a top priority for an incumbent president and Democratic lawmakers hoping to defeat their Republican opponents in November.
"Tenant protections aren't just good policies—they're good politics," said Esteban Girón, member of the Tenants PAC Board. "Candidates have the opportunity to win big by committing to keep rents affordable and protect tenants from displacement."
At a gathering in Los Angeles in early April, Sen. Bernie Sanders (I-Vt.) joined Reps. Pramila Jayapal (D-Wash.), Ro Khanna (D-Calif.) and other lawmakers at the national, state, and local levels in imploring Democrats to elevate bold housing policies and tenant protections such as federal rent control to the top of the party's agenda.
"This is the richest country on Earth. We're not a poor country," Sanders said at the event. "Can we build affordable housing that we need? Can we protect? And the answer is of course we can. But it will require a massive grassroots effort to transform our political system to do that."
Politicoreported earlier this year that Biden has privately expressed "increasing concern" that housing costs are putting his reelection hopes in jeopardy.
"The White House is now pushing a range of bulked-up tax credits to incentivize existing homeowners to sell their starter homes, as well as expand rental assistance and extend help for lower-income buyers with their down payments," the outlet noted. "Yet all those ideas require legislation. And while the White House has publicly argued the crisis affects red states just as much as blue states, aides privately acknowledge any movement is a long shot in an election year. Indeed, Republicans have been quick to pan Biden's housing push."
Presumptive Republican nominee Donald Trump, meanwhile, has not released a housing agenda as he vies for another four years in the White House. During his first term as president, Trump repeatedly pursued steep cuts to federal housing programs and assailed affordable housing initiatives.
Brahvan Ranga, political director of For the Many, said Tuesday that it is "critical we elect legislators who will enact policies that expand tenants' rights, create and maintain affordable green social housing, and affirm housing as a guaranteed right."
"The housing crisis is front of mind for tenants as they head to the polls—both in Democratic primaries and general elections. As housing costs continue to rise and working families struggle to stay in their homes, corporate real estate and greedy landlords are raking in record profits," said Ranga. "Tenant champions who run on these issues will be rewarded at the ballot box—and politicians who fail to do so will be voted out of office."
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