In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by senior writers and experts, these in-depth pieces go beyond the headlines to give readers the full picture. You can find our full list of In Focus pieces here.Congress is poised to hand President Donald Trump one of the most consequential housing bills in recent memory, and a key provision in the legislation that would ban institutional investors from purchasing single-family homes has gained outsized attention.While the 21st Century ROAD to Housing Act is still facing some scrutiny on the Senate side, the House passed the bipartisan legislation in a resounding 396-13 vote last week. The bill aims to boost housing supply and affordability through mechanisms like deregulating zoning requirements, but it also contains a controversial provision that bans large Wall Street firms like Blackstone from buying single-family homes.
HOUSE UPDATES INSTITUTIONAL INVESTOR PROVISION IN BIPARTISAN HOUSING BILL
The push to do so has gotten a lot of attention in recent months, particularly after Trump mentioned the effort during his annual State of the Union address.
Trump first announced the proposed ban earlier this year and later signed an executive order intended to effectuate it in part. But the administration’s goal has always been to have Congress pass such a restriction into law.
