HR 1103: State and local government; assist with reducing Wall Street landlord ownership of residential properties to help this state flourish

This resolution responds to concerns that large institutional investors, sometimes called Wall Street landlords, are buying up significant numbers of homes in Georgia communities, which supporters say drives up rents and makes homeownership harder to reach. The resolution points to a campaign by the Neighborhood Assistance Corporation of America (NACA) that has contacted tens of thousands of Georgia tenants about corporate ownership of their rental homes, naming companies like Blackstone and Invitation Homes. The resolution itself does not create any new law, program, or funding. It formally states that the House of Representatives encourages state and local governments to take action to reduce corporate landlord ownership of homes and urges local governments to use their existing home rule powers, meaning their existing local governing authority, to address housing affordability. It also directs the Clerk of the House to send copies to the Secretary of State.

• Formally states the House's encouragement for state and local governments to work toward reducing Wall Street landlord ownership of residential properties in Georgia.
• Encourages local governments to use their existing home rule powers, meaning their authority to govern local affairs, to address housing affordability.
• Does not create any new statute, regulation, funding, or enforcement mechanism; it expresses the House's position without binding legal effect.
• Directs the Clerk of the House of Representatives to distribute copies of the resolution to the Secretary of State.

Renters and residents of Georgia communities where large institutional investors own significant numbers of homes, state and local government officials who might act on the encouragement, and large corporate landlords named in the resolution's preamble, such as Blackstone and Invitation Homes.

Because this is a resolution rather than a binding law, it does not by itself change any rules for landlords, renters, or local governments. Its practical effect is to put the House's position on record and potentially spur future legislation or local action on corporate home ownership.

• The whereas clauses describe a national campaign by the Neighborhood Assistance Corporation of America (NACA) that has notified 70,000 Georgia tenants about corporate ownership of their rental homes.
• The whereas clauses reference a proposed Neighborhood Ownership, Accountability, and Transparency Act intended to require large landlords to sell properties to owner-occupants on affordable terms.
• The resolved clause encourages state and local governments to help reduce Wall Street landlord ownership of residential properties and make housing more affordable.
• The resolved clause encourages local governments to use the full extent of their home rule powers on this issue.
• The final clause directs the Clerk of the House to distribute copies of the resolution to the Secretary of State.

1. 2026-02-02House Second Readers (Cámara de Representantes)
2. 2026-01-29House First Readers (Cámara de Representantes)
3. 2026-01-28House Hopper (Cámara de Representantes)

• El-Mahdi Holly (D, HD-116)Patrocinador principal
• Angela Moore (D, HD-091)
• Billy Mitchell (D, HD-088)
• Anissa Jones (D, HD-143)
• Terry Cummings (D, HD-039)
• L.C. Myles (D, HD-126)

• housing affordability
• corporate landlords
• renters rights
• local government powers