KNOXVILLE, Tenn. (WVLT) – Knox County is hoping to crack down on hedge funds buying up large numbers of single-family homes.
County commission is planning to consider an ordinance that would bring penalties to any person, or their affiliates, who buy more than 100 homes to put on the market as rental properties.
The ordinance is on the preliminary agenda for May’s commission meeting. It includes a list of penalties for anyone or any business found to be in violation of it…