The US House voted 396-13 Wednesday to pass a bipartisan housing affordability bill that would limit large investors from buying single-family homes while still allowing new housing construction.
The White House backed the revised bill after lawmakers removed a Senate provision requiring major investors with 350 or more units to sell newly built rental homes within seven years. Housing, rental, and construction groups supported the change.
The bill now heads back to the Senate, where its path is uncertain. Lawmakers remain divided over how far Congress should go in restricting build-to-rent housing and investor ownership.