Lawmakers Vote on 50-Plus Housing Measures to Curb Wall Street Buyers

2 articles · Updated · POLITICO · May 25

More than 50 bipartisan housing measures went to a vote, led politically by a proposal to bar large institutional investors from buying more single-family homes.
Seven in 10 Americans support that ban, and both parties are elevating affordability before the midterms as housing costs remain a top voter concern.
350 homes is the ownership threshold in the proposal, while the Senate version would also force investors to sell long-term rental homes to individual buyers after seven years.
72,000 investor-owned single-family rentals in Atlanta, 33,000 in Phoenix and 27,000 in Dallas show where the measure could matter most, though analysts say the national affordability effect may be limited.
An estimated 5 million-home shortage still underpins the crisis, so the package also aims to expand supply through steps such as easing manufactured housing and widening affordable-housing program eligibility.

This housing bill targets big investors, but could it unintentionally freeze new home construction across the country?

With Wall Street banned from buying family homes, will housing prices finally become affordable for the average buyer?

As new laws force corporations to sell rental homes, what will happen to the families currently living in them?