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California law prioritizes people over corporate home-buyers

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FILE – In this Jan. 7, 2020, file photo, men hold up signs at a rally outside of City Hall in Oakland, Calif., in support of more housing. Tenants, affordable housing groups and local governments will soon get first crack at buying foreclosed homes in California. A bill approved Monday, Sept. 28, 2020, by Gov. Gavin Newsom is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession.

AP

Tenants, affordable housing groups and local governments will get first crack at buying foreclosed homes under a measure approved Monday by Gov. Gavin Newsom.

The bill is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. The issue drew national attention a year ago when several homeless mothers calling themselves Moms 4 Housing moved

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