Limits on Build-for-Rent Homes in Housing Bill Draws Industry Pushback

One bad provision could sink a critical bipartisan housing bill

Section 901 effectively bans institutional investors. (Photo by Westend61)Something remarkable has happened in Washington. A major piece of legislation cleared a Senate committee unanimously, another passed the House 390-9, and a merger of the two earned White House backing before sailing through a procedural vote 89-9-1.That combined package, the 21st …

Limits on build-for-rent homes in housing bill draws industry pushback

A housing bill moving through the Senate is facing industry pushback over a provision that limits the number of homes large investors can build and keep.

Real estate lobby sounds alarm over provision in housing bill

By Matt Wasileweski | Bisnow More than three dozen commercial real estate industry groups are urging the Senate to reconsider a provision in its housing reform package that they say will decimate build-to-rent construction. The Mortgage Bankers Association, The Real Estate Roundtable, the National Apartment Association and the National Multifamily Housing Council are among the industry groups calling on senators to amend the 21st Century Renewin…