House Passes Bipartisan Housing Bill Targeting Corporate Homebuyers

He called the legislation a “strong bipartisan package that will put more American families into homes

Advertisement House Majority Leader Steve Scalise made a similar argument.

This is something that every American in this country is going to be happy to see, to have lower housing costs,” Scalise said

Advertisement At the center of the legislation is a provision aimed at institutional investors

The House version preserves a ban on large corporate investors buying newly built single-family homes, a priority backed by the Trump administration.

House Financial Services Committee Chairman French Hill said the bill directly aligns with President Donald Trump’s housing agenda