House updates institutional investor provision in bipartisan housing bill
The House of Representatives has updated the bipartisan housing bill regarding institutional investors' ability to purchase single-family homes. The latest changes align more closely with the Senate's version, particularly concerning the ban on institutional investors. This update reflects ongoing negotiations between the House, Senate, and the White House over housing legislation.
- ▪The House reverted much of the housing bill back to the Senate's version.
- ▪The updated bill maintains a ban on institutional investors purchasing single-family homes.
- ▪The House removed a provision requiring investors in build-to-rent homes to sell within seven years.
Opening excerpt (first ~120 words) tap to expand
The House of Representatives updated key language Tuesday in the bipartisan housing legislation banning institutional investors from purchasing single-family homes, reverting much of it back to the Senate’s version of the bill. The changes come amid a clash between the two chambers, with the House taking the Senate version of the 21st Century ROAD to Housing Act and updating it. One section in particular got pushback from some in the Senate, which was the part that banned institutional investors from buying single-family homes.
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