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US Senate advances bill to lower housing prices
The bill limits companies owning over 350 homes from buying more and includes a seven-year divestment rule to boost affordability amid a 60% rise in home prices since 2019.
- Senate leaders moved a compromise housing package forward on March 11, but a Trump-backed investor ban stalls progress in the House.
- Companies that own more than 350 single-family homes would be prohibited from buying more, and must divest within seven years, while builders and renovators have exceptions if they sell homes after that period.
- A House version passed 390-9 in February, and the U.S. Senate cleared procedural votes 84-10 and 82-11 while industry groups backed the Senate bill.
- House leaders warned, 'If the Senate thinks we're gonna take this medicine, we're gonna go to conference,' as industry groups warned the seven-year divestiture clause would reduce rental supply and options.
- Economists say the U.S. faces a shortage of roughly 4 million homes, while the median price reached five times the median household income and the proposed legislation will not fully fix the problem.
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96 Articles
Georgia Public Broadcasting
U.S. Senate passes bill with Warnock-backed provision limiting the number of investor-owned homes
The U.S. Senate passed a bill Thursday with a provision backed by U.S. Sen. Raphael Warnock that would ban large corporations from owning too many homes.
Senate Passes Trump-Backed Bill Barring Corporations From Buying Up Family Homes.
PULSE POINTSWHAT HAPPENED: The Senate passed the largest housing affordability bill in 30 years, including a ban on investors owning more than 350 single-family homes, with an 89-10 vote.WHO WAS INVOLVED: Senate members, House GOP leaders, President Donald J. Trump, Senator Elizabeth Warren (D-MA), and industry groups such as the National Association of Home Builders (NAHB).WHEN & WHERE: The Senate vote took place on Thursday, March 12, 2026.KEY…
U.S. Sen. Baldwin: Votes to advance bipartisan housing bill that boosts housing supply and brings down costs
Legislation includes bill to rein in corporate landlords WASHINGTON, D.C. – Today, U.S. Senator Tammy Baldwin (D-WI) voted to advance legislation to boost housing supply and bring down costs for Wisconsinites, including new steps to ban large institutional investors from buying...
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