From the 2008 foreclosure crisis through the COVID-19 pandemic, corporate landlords and private equity firms have seized on disasters in our communities, especially communities of color, to squeeze renters, neighborhoods, and cities for maximum profit. Decades of privatization has caused housing inequity to be one of the biggest issues facing communities today. As people struggle to cover ever increasing housing costs, corporate landlords and private equity firms rake in massive profits.
ACRE works with our partner organizations and unions to put housing justice squarely in the center of our campaigns and bargaining fights. With our union partners in Minnesota, Illinois, and California, we train members on how their pension funds may be invested in private equity firms that are responsible for gauging their rents and how pension funds can be invested in affordable housing alternatives.
Resources:
- WATCH: Who Are Our Landlords and Where Do They Get Their Money?
- READ: The hidden role of public pensions in raising rents in California published in the LA Times
- READ: Who is Behind the Curtain? Breaking Down Trade Associations that Fight Tenants and Hurt Housing Affordability
- WATCH: Congressional Testimony on Corporate Landlords
- READ: The National Rental Home Council: How America’s Largest Single-Family Landlords Put Profit Over People
- READ: Do Hedge Funds Make Good Neighbors? – published by ACCE and the Center for Popular Democracy