Bipartisan Housing Affordability Bill Passes U.S. House
The U.S. House passed a bipartisan housing affordability bill that limits institutional investors owning over 350 single-family homes from acquiring more properties but allows them to build additional units. The legislation, which has support from the White House and major industry groups, removes provisions requiring such investors to sell newly built homes within seven years.
Topics: bipartisan legislation housing affordability real estate regulation