Madam Speaker, it is an important opportunity to correct the record. We are not against private developers creating new housing, but that is not what is going to fix the housing crisis. They have been doing that for decades, and it is not helping. We have been on a track to destruction for a long time.
What we think is a real problem is when a big corporate landlord buys a building that used to provide affordable rents, renovates the premises, kicks out all the tenants who needed those affordable rents, jacks up the rents and then invites in other people with more ability to pay. They are not creating new units. This leaves the other people destitute and without a place to live. We will not solve the housing crisis by kicking the poor out of existing affordable units and then allowing those big corporate landlords to make mad profit off new tenants. We need a different plan now.