IRVINE, Calif.—Irvine home investors may soon be limited from buying up the city’s housing stock, after the City Council motioned on March 8 to develop policies that prioritize owner-occupied housing.
A common thread at council meetings is hearing about the “dire need” to create new units to meet growing housing needs, which has become a challenge due to investors purchasing rental properties, according to Irvine Mayor Farrah Khan.
