U.S. House Defies Senate, Weakens Private Equity Restrictions in Housing Bill
The revised measure keeps a 15-year investor ban but drops a sale requirement, while also changing HUD funding and tenant assistance provisions.
- House lawmakers released an amended version of the 21st Century ROAD to Housing Act last week, loosening provisions reining in private equity while retaining a 15-year ban on large institutional investors purchasing single-family homes.
- Despite the White House previously telling Multifamily Dive that "there may be serious policy concerns or implementation challenges" with the House-revised version, lawmakers backing the amendment claim it is an "Improvement" over the Senate-passed bill.
- Streamlining National Environmental Policy Act requirements for HUD-funded activities including 221 loans, the legislation removes Senate provisions providing permanent authorization for the CDBG disaster recovery program and the Rental Assistance Demonstration program.
- While the bill continues prohibiting entities owning more than 350 housing units from purchasing certain single-family homes, the House amendment removes a mandate requiring institutional investors to sell rental properties they build within seven years.
- Ahead of the Memorial Day holiday, the legislation—which includes a revision to the four-year Central Bank Digital Currency ban—is set for a House vote this week, according to Politico.
43 Articles
43 Articles
A ‘Soviet’ housing fix from Congress
The U.S. House of Representatives will soon vote on a housing bill that supposedly addresses the nation’s very real affordability crisis and, even more important, lets politicians claim they are doing something about it.The Senate passed the 21st Century ROAD to Housing Act in March by an 89-10 vote. Democrats backed it almost unanimously, and all but one of the no votes came from Republicans, even though President Donald Trump pushed hard for t…
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U.S. House defies Senate, weakens private equity restrictions in housing bill
(The Center Square) – Despite the White House publicly urging the Republican-controlled House of Representatives to approve the U.S. Senate’s bipartisan housing bill, House lawmakers have put forth their own version of the bill that strips provisions reining in private…
Major Union Criticizes the House’s Amended Housing Legislation to Hakeem Jeffries
The Housing legislation is on the verge of getting a floor vote in the House of Representatives. J. Scott Applewhite/APA major labor union is taking issue with House Democrats’ support of a housing bill that it says promotes construction programs with insufficient wage protections.The bill has a bipartisan coalition of supporters and is on the verge of getting a floor vote in the House of Representatives. But North America's Building Trades Unio…
Sweeping Housing Bill Expected to Pass House on Wednesday, Say Sources
The sweeping housing reform bill, the 21st Century Road to Housing Act, is expected to pass in the House of Representatives Wednesday, after Speaker Mike Johnson and House GOP leaders reportedly reached an agreement with President Donald Trump and the White House, according to Politico. The bill was passed by the Senate in March, but… The post Sweeping Housing Bill Expected to Pass House on Wednesday, Say Sources appeared first on RISMedia.
Builders, Lenders Back Revised Housing Bill After Investor Restrictions Softened
A bipartisan housing bill moving through Congress is drawing renewed support from builders and mortgage lenders after House lawmakers amended language that industry groups warned could disrupt build-to-rent financing and new single-family rental construction.
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