At ACORN, we have been advocating for the income tax loophole to be closed for real estate investment trusts, so that they're taxed appropriately. That's what I mentioned today within my first five minutes of discussion, and that's what we're still hoping for.
We're hoping to see that income tax loophole closed so that it disincentivizes—as Ms. Keesmaat has been saying—that type of investment in housing and the financialization of it. It's a tactic that REITs are able to mobilize by renovicting and evicting tenants out of their buildings, which is contributing to the housing crisis and the lack of affordability.