On February 10, Georgia Appleseed Executive Director Michael Waller testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Michael told the committee about a growing and disturbing trend impacting Georgia’s low-income housing market: predatory practices by large institutional landlords that leave families poorer and in dangerous living conditions.
The role of large institutional investors in our housing market is growing quickly, likely driven in part by Georgia's landlord-friendly laws. Investors purchased some 40% of single-family homes in the Atlanta area in the third quarter of 2021. Corporate landlords were responsible for 76% of eviction filings in Atlanta’s five-county region in 2021.
Instead of increasing the amount of “affordable housing,” some institutional investors impose aggressive rent hikes and new predatory fees. Rather than fixing up properties and investing in local communities, these landlords often refuse to perform even basic maintenance or repairs. Under Georgia law, families have little recourse, and landlords threaten eviction if they complain. Eviction courts and housing code enforcement authorities are unable to stop these predatory practices. Institutional investors can hide behind out-of-state shell companies, making it impossible for tenants and communities to enforce their rights.
Children and families suffer as a result. Unhealthy and unstable housing conditions lead to mental and physical health challenges. They negatively impact children’s educational performance, increase the risk of criminal legal system involvement, and reduce parents’ employment potential.
If we work together, all of Georgia's children can have access to stable, healthy homes. Reach out to your local, state, and federal elected officials with these key messages:
- Increase legal protections for renting families and provide local housing safety agencies with the funding and authority they need.
- Make direct investments in local efforts to provide safe, affordable housing.
- Pass laws that require landlords to provide accurate ownership information to ensure accountability for illegal practices.
View the Senate testimony and follow our healthy housing initiatives on our website.
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