passed a new law in congress that prevents private equity from buying up the single family housing
SupportedSusan Collins, at Maine U.S. Senate General Election Debate 1 (WGME)
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Why we checked itCollins asserts a specific law was passed preventing private equity from purchasing single-family homes — a concrete legislative claim that can be verified against congressional records
What we foundCongress did pass a new law — the 21st Century ROAD to Housing Act — that restricts large institutional investors (including private equity firms controlling 350 or more single-family homes) from purchasing additional single-family homes; the claim is substantively accurate though slightly simplified.