Beware the backlash as financiers muscle into rental property economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economist.com Daily Mail and Mail on Sunday newspapers.
Last modified on Fri 21 May 2021 13.11 EDT
Billionaire Charles Koch’s foundation has bankrolled three conservative legal groups leading the court battle to eliminate prohibitions against tenant evictions during the Covid-19 pandemic in America.
At the same time, Koch’s corporate empire has suddenly stepped up its real estate purchases during the pandemic – including making large investments in real estate companies with a potential financial interest in eliminating eviction restrictions.
In the last few months, the Texas Public Policy Foundation, the Pacific Legal Foundation and the New Civil Rights Alliance havebeenpushing federal courts to strike down the Centers for Disease Control and Prevention (CDC) eviction moratorium, which is designed to protect millions of Americans from being thrown out of their homes during the pandemic. The groups have so far won two rulings.
Koch s foundation funded eviction push while investing in real estate companies msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.