skip to main content
skip to newscasts

Friday, June 13, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump warns Iran to agree to a deal 'before there is nothing left'; 'No Kings' rallies planned across Massachusetts on Saturday; NV disability advocate alarmed by proposed cuts to Medicaid; Advocates push for economic inclusion during Pride Month in GA.

view newscast page
play newscast audioPlay

Democrats demand answers on CA Sen. Padilla's handcuffing and removal from a DHS news conference. Defense Secretary Hegseth defends the administration's protest response as preventative, and Trump vows protests of Saturday's military parade will be met with "heavy" force.

view newscast page
play newscast audioPlay

EV charging stations are harder to find in rural America, improving the mental health of children and teachers is the goal of a new partnership in seven rural states, and a once segregated Mississippi movie theater is born again.

Tenants’ rights groups press lawmakers to rein in corporate landlords

play audio
Play

Tuesday, July 30, 2024   

Tenant's rights groups are asking policymakers to move on several fronts to rein in corporate landlords who they said are worsening California's housing crisis.

Advocates said after the private equity firm Blackstone bought 5,600 apartments in the San Diego area in 2021, the company began squeezing out tenants in order to aggressively raise rents.

Amy Schur, campaign director for the Alliance of Californians for Community Empowerment, works with a tenant group called the Blackstone Tenants Union.

"Reports have shown that they when able to, let's say a tenant moves out, they are raising rents as much as 40%, 50% for the next tenant," Schur pointed out. "In other words, this housing is progressively becoming less and less affordable in their hands. And worse, we're now starting to see more evictions that are absolutely unreasonable evictions."

Blackstone did not respond to a request for comment but has said in the past it has spent $100 million to upgrade its properties and claims the average rents there are 20% below market rate.

The San Diego County Board of Supervisors recently passed a motion to look into an ordinance to limit how many single-family residential properties an institutional investor or corporate landlord can own. Three similar bills failed to advance this year in the state Legislature.

At the federal level, the Stop Wall Street Looting Act, which will be reintroduced this fall, would reform the economics of private equity.

Caroline Nagy, national senior policy counsel for the nonprofit Americans for Financial Reform, noted several members of Congress have accepted thousands of dollars in contributions from Blackstone employees during this election cycle, including Rep. Mike Garcia, R-Calif., Rep. Michelle Steel, R-Calif., Rep. Ken Calvert, R-Calif., Rep. Young Kim, R-Calif., Rep. David Valadao, R-Calif., and Rep. John Duarte, R-Calif.

"We know that the corporate landlord lobby is spending their tenants' hard-earned rent payments and junk fees, lobbying elected officials against tenant interests," Nagy asserted.

This fall, California voters will consider Proposition 33, which would repeal certain limits on local rent-control ordinances. In addition, President Joe Biden recently asked Congress to give corporate landlords a choice to either cap rent increases on existing units at 5% per year or risk losing federal tax breaks.

Disclosure: Americans for Financial Reform contributes to our fund for reporting on Budget Policy and Priorities, Campaign Finance Reform/Money in Pol, and Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
A single Abercrombie dairy facility will house 12,500 cows. Combined with the planned 25,000-cow Herberg site, these two operations will generate manure equivalent to that of a city of 1.5 million. (Adobe Stock)

Environment

play sound

North Dakota is facing growing opposition to two massive dairy operations planned near the Red River. Environmental advocates say the projects could …


Social Issues

play sound

The budget reconciliation bill being considered by the U.S. Senate proposes $863 billion in Medicaid reductions over a decade, with 10.9 million …

Social Issues

play sound

Next Monday marks the beginning of "PROTECT" week, when AARP helps seniors learn the signs of financial fraud. Experts say Maryland seniors can …


Researchers estimate only one in 1,000 sea turtles reaches adulthood. (Adobe Stock)

Environment

play sound

As World Sea Turtle Day approaches on Monday, an expert explains threats to sea turtles and their ecological importance along the coasts of the …

Health and Wellness

play sound

As Congress reviews budget slashes to health care in President Donald Trump's "One Big Beautiful Bill Act," a new evaluation from the nonpartisan Cong…

Sensitive areas such as San Diego's Kendall-Frost Mission Bay Marsh Reserve are experiencing impacts from degraded water quality and sea level rise. (Nancy D. Regan/Flickr)

Environment

play sound

California took a big step Tuesday toward the goal of conserving 30% of land and waters by 2030. The Ocean Protection Council adopted a roadmap to …

Social Issues

play sound

A Kent State University shooting survivor is warning Ohioans and others to take note of the U.S. military's involvement in immigration-related …

Health and Wellness

play sound

Nevadans with disabilities are concerned with proposed federal cuts to Medicaid, despite claims from GOP lawmakers that the cuts target only waste…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021