Trump Presses House Republicans to Pass 90-Vote Housing Bill as Investor Home Ban Stalls
Updated
Updated · NOTUS · May 12
Trump Presses House Republicans to Pass 90-Vote Housing Bill as Investor Home Ban Stalls
9 articles · Updated · NOTUS · May 12
Trump on Monday night urged reluctant House Republicans to pass the Senate’s 21st Century ROAD to Housing Act, reviving a housing package that cleared the Senate with nearly 90 votes.
The push centers on making permanent his executive-order crackdown on large Wall Street firms buying single-family homes, with Trump arguing homes should be for people rather than corporations.
House resistance has stalled the bill for nearly two months after Republican leaders and other lawmakers objected to new Senate language and the removal of five House-passed provisions.
A key flashpoint is a provision requiring large investors to sell build-to-rent homes seven years after development, drawing criticism from Financial Services Chair French Hill and Democrat Sam Liccardo.
With midterm elections approaching, the White House sees housing legislation as central to addressing affordability, while most senators in both parties — including Elizabeth Warren and Bernie Moreno — back the measure.
Will new build-to-rent restrictions unintentionally halt the construction of tens of thousands of needed new homes?
If a 4-million-unit housing shortage is the real crisis, is targeting corporate buyers the right solution?