Wayne said that has been the case in his district, where an Ohio corporation has bought more than 150 single-family homes in recent years — often pushing out individual homebuyers with all-cash offers. Wayne's bill offers few specifics. It consists of a single sentence that says a corporation, hedge fund or other business may not buy purchase single-family housing in Nebraska unless it's located in and its principal members live in Nebraska. Currently, about 13% of single-family homes in Lincoln are owned by out-of-state corporate firms, he said. As in other states, Wayne's bill likely faces an uphill slog in the deep red state of Nebraska.

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Persons: Sen, Justin Wayne’s, Wayne, it's, ” Wayne, isn't, Wayne Mortensen, Lincoln, Mortensen, ” Mortensen, Omaha Sen, Brad von Gillern, “, ” Organizations: Control, American Homes, Democratic, Banking, Insurance, Commerce Locations: Nebraska, Omaha, Ohio, Minnesota , Indiana, North Carolina, Texas, Lincoln