Corporate home ownership has risen sharply in Richmond. Will City Council move to curb it?

By Christine Schiavo | April 27, 2026 |
For sale sign hangs on a white post to the right of the frame, under a palm tree on a street during the day. The rest of the frame shows a long shot of one-story homes on a narrow street with cars parked on both sides.

Richmond is considering an ordinance to head-off a nationwide trend of investor-backed corporations buying up houses that might otherwise go to first-time homebuyers or working-class families .  The ordinance, under review by the city attorney, aims to effectively ban deep-pocketed investors from the residential housing market.  National housing trends are showing that the percent of…

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