Trump Urges House to Pass Housing Investor Ban Bill

President Donald Trump urged the House of Representatives on Monday to pass the Senate-approved 21st Century ROAD to Housing Act, a bipartisan housing reform package that includes restrictions on large institutional investors purchasing single-family homes.

In a Truth Social post, Trump called for swift action on the bill, which the Senate passed in March by a vote of 89-10. "I am asking Congress to pass that Bill, the 21st Century ROAD to Housing Act, which would ensure that homes are for people, not Corporations," he wrote. Trump referenced his February 25 State of the Union address, where he highlighted the story of Rachel Wiggins, a Houston mother of two who lost bids on 20 homes to large investors paying cash and bypassing inspections. Those firms converted the properties into rentals, Trump said. He noted that such cases prompted his January executive order temporarily banning large Wall Street investment firms from buying single-family homes and called for Congress to make the prohibition permanent.

The legislation targets investors controlling 350 or more single-family rental homes nationwide, barring them from additional purchases and requiring build-to-rent developers...