A mixed-income housing project under construction in Durham. (Photo: Greg Childress)Two North Carolina congresswomen are calling for a federal investigation into a 2008 housing crisis-era program that allowed institutional investors to buy large portfolios of foreclosed homes at significant discounts on the condition that buyers rent them out. Triangle-area Democrats Valerie Foushee and Deborah Ross contend the “Real Estate-Owned to Rental” (REO) program has led to a “surge” in institutional investments in single-family homes, which has priced many families out of the housing market. U.S. Rep. Valerie Foushee (NC-04) (File photo) “It is imperative that we explore whether federal programs,
Hence then, the article about north carolina members of congress call for federal investigation into corporate housing investors was published today ( ) and is available onNC news line ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( North Carolina members of congress call for federal investigation into corporate housing investors )