WASHINGTON, Feb. 11 -- Sen. Tammy Baldwin issued the following press release:
Today, U.S. Senator Tammy Baldwin (D-WI) announced she is once again leading a bill that would crack down on wealthy investors who buy up single-family homes and invest tens of billions of dollars to rehab and build millions of new homes. The Affordable Housing and Homeownership Protection Act would provide up to $50 billion over ten years to help build and preserve approximately three million affordable housing units nationwide. The bill would be fully paid for by taxing investors who purchase and hold more than 15 single-family homes.
"In communities big and small, our state has a severe housing shortage that makes it harder for families to find a house to ren...