Senate passes housing bill limiting large home investors (opens in new tab)

The U.S. Senate passed the 21st Century ROAD to Housing Act on June 22 in an 85-5 vote, sending a bipartisan housing-affordability package to the House for approval. The bill seeks to increase housing supply and lower costs by restricting certain institutional investors from buying single-family homes and by reducing barriers to new construction. The investor provision would limit large investors that own 350 or more homes from purchasing additional single-family properties. The supply provis...