Wednesday, April 16, 2014
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Rep. Mark Takano Statement on "Blackstone: Atlanta's Newest Landlord" Report
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OpEdNews Op Eds H3'ed 4/21/14 Main Street Meets Their Wall Street LandlordsBy Brian Lynch (Page 3 of 5 pages) Become a premium member to see this article and all articles as one long page. 1 comment
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Washington DC -- Earlier today, the organization Occupy Our Homes Atlanta released its report titled "Blackstone: Atlanta's Newest Landlord" showing that:
Tenants wishing to stay in their homes can face automatic rent increases as much as 20% annually.
Survey participants living in Invitation Homes pay nearly $300 more in rent than the Metro Atlanta median.
45% of survey participants pay more than 30% of their income on rent, by definition making the rent unaffordable.
Tenants face high fees, including a $200 late fee for rental payments.
78% of the surveyed tenants do not have consistent or reliable access to the landlord or property manager.
After the report was released, Rep. Mark Takano issued the following statement:
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Brian Lynch is a retired social worker who worked in the areas of adult mental health and child protection for many years. His work brought him into direct contact with all the major social issues of the day and many of our basic social (more...)
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