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Witness urges Vermont to limit large corporate buyers of single‑family homes; committee seeks tailoring for small state
Summary
Chris Noble of the Private Equity Stakeholder Project testified in support of H607, saying private equity owns at least 1.6 million U.S. housing units and can drive rent hikes, evictions and fees; committee members asked about thresholds, data sources (CoreLogic/Pew), and how to avoid unintended effects on local capital for new development.
Chris Noble, policy director for the Private Equity Stakeholder Project, urged the House Committee on General and Housing on March 13 to pass H607 to limit large corporate investors from buying single‑family homes in competition with individual buyers. "By passing H607, Vermont can lead state efforts to regain stability in their single family housing markets," Noble said, and he told members PSP’s analysis shows private equity owns "at least 1.6 million" housing units nationwide and has driven aggressive revenue practices.
Noble…
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