Americans for Financial Reform

Report Category: AFREF

FIRE SALES TO WALL STREET: A Review of Government-Sponsored Residential Note Sales

Growing Wall Street control of single family homes is a contributor to our housing crisis, with mega single-family investors (those who own more than 1,000 homes nationwide) controlling an estimated 446,000 homes as of January 2025. Nationally, the presence of corporate landlords in a community has been associated with raised rents, junk fees, reduced maintenance,

Unequal Burdens Private Equity-Backed Fossil Fuel Assets and the Global South

In a new report, Private Equity Climate Risks examines how the Global South is unfairly burdened by private equity’s investments in fossil fuels. While the Global North is responsible for the vast majority of excess emissions, communities of color in the Global South are hit hardest by the climate catastrophes caused by these emissions. These

From Public Pensions to Private Fortunes: How Working People’s Retirements Line Billionaire Pockets

Despite the many negative impacts of the private equity business model on working people, it is working people’s own capital in the form of public pension funds that private equity has relied upon for its expansion. Over a trillion dollars in private equity deals close each year, and public pension funds are by far their largest source of investment. Whereas working people’s pensions historically were managed very conservatively, changes in markets and in accounting have ratcheted up the pressure on pensions to grow. Today, pension funds are engaged in a constant search for higher investment returns, which the “alternative” investment industry has seized upon—with unsettling results for workers.

Report: Wall Street on your Doorstep: Protecting Home Care from Private Equity Abuses

Home and community based services (HCBS) have steadily become a viable choice for aging and disability care after decades of campaigning to make care available in responsive environments that are grounded in peoples’ support systems. At the same time, the private equity industry, which has left a wake of destabilization in facility-based healthcare like nursing