Rep. Gabe Vasquez Cracks Down on Greedy Landlords to Make Housing More Affordable for New Mexicans

WASHINGTON, D.C.- On January 27, 2026, U.S. Representative Gabe Vasquez (NM-02)co-sponsored two bills to address New Mexico's housing affordability crisis by cracking down on greedy, corporate landlords to ensure hardworking New Mexicans have a fair shot at homeownership.

"Owning or renting a home is out of reach for more and more New Mexicans each day, as private equity and multi-millionaire investors buy up our housing stock and raise the prices," said Rep. Vasquez. "That's why I support serious and bipartisan bills to ensure single family homes stay within the reach of everyday workers and families."

Rep. Vasquez co-sponsored the Bipartisan Families First Housing Act, which gives families, nonprofits, local governments, and community land trusts the first opportunity to purchase federally-connected single-family homes before institutional investors can swoop in. The bill creates a standardized 180-day "first look" period and establishes an online public clearinghouse for eligible properties, increasing transparency and helping families achieve homeownership.

He also co-sponsored the Stop Wall Street Landlords Act, which limits the ability of large investor-owned entities to benefit from tax breaks reserved for individual homeowners, prohibits them from purchasing or securitizing mortgages on single-family homes, and directs revenues from new transfer taxes to fund the Housing Trust Fund to support affordable housing construction and preservation.

These bills align with the President's recent Executive Order, "Stopping Wall Street from Competing with Main Street Homebuyers," which directs federal agencies to prevent institutional investors from monopolizing the single-family home market. Rep. Vasquez praises this executive order as a step in the right direction for housing affordability and continues to champion his solutions to ensure all New Mexican home owners and renters - including those living in mobile homes - are protected from predatory price gouging. Mobile homes account for one in six homes in New Mexico.

The Congressman's long-standing record of fighting for affordable housing in New Mexico includes:

• Cracking down on predatory out-of-state investors to keep housing costs low with his Keep Mobile Homes Affordable Act, which prevents greedy landlords from price gouging mobile homeresidents and failing to provide basic utilities
• Supporting the Affordable HOMES Act to cut red tape and lower manufactured home costs for New Mexicans, helping those who rely on mobile and manufactured housing keep their homes affordable
• Supporting the HOME Actto make it illegal for institutional investors to rent or sell a housing at an unreasonable rate during an affordable housing crisis, ensuring that rents and housing costs stay within reach for working families
• Backing the Neighborhood Homes Investment Actto incentivize developers to build and preserve single-family homes in qualifying low-income areas to bolster construction of new homes and the revitalization of vacant homes in need of repair.
• Cosponsoring the SUPPLY Act to provide government-backed, flexible financing options to expand access to finance Accessory Dwelling Units (ADUs) to provide additional housing options

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