President Donald Trump previously said he would work to ban large institutional investors from buying single-family homes.

President Donald Trump previously said he would work to ban large institutional investors from buying single-family homes.

It applies to institutions owning more than 350 homes, but doesn't require divestitures

Both chambers of Congress are expected to advance a sprawling housing package this week that's aimed at creating more supply and making homes more affordable.

By Victor Reklaitis and Andrew Keshner

The bill, a rare bipartisan breakthrough this Congress, will seek to build new homes and restrict large investors’ buying up single-family homes.

President Donald Trump is set to sign housing legislation aimed at boosting supply, lowering costs and addressing the U.S. housing shortage.