Uplifting the voices of people directly impacted by private equity firms

There are three primary contributors to the high eviction rates in Indiana; 1) lack of affordable housing, 2) high rates of out-of-state investment in Indiana real-estate, 3) Indiana laws, or lack thereof. Number 2 and 3 are directly related. As I wrote earlier, the Indianapolis housing market is now tied for fifth highest share of institutional ownership in the country. Until we can move tenant protection laws forward in Indiana, this will continue to get worse.

The Private Equity Stakeholder Project tracks the effects of institutional ownership for states in their Private Equity Risk Index for housing, health care, jobs, and pensions. Indiana does not fare well, ranking at High Risk.

For housing, Indiana ranks 19th worst. Overall risk we’re 15th. This is statewide reminding us that this is NOT just an Indianapolis problem. With all our talk of Indiana hospitality, we need to reconsider those to whom we offer a welcoming hand - Indiana residents or hedge fund investors!