Senate Bill Targets Big Investors in Housing Crisis
Bipartisan Housing Bill Faces Hurdles: Senates Twenty-First Century Road to Housing Act aims to address home shortage, but faces opposition over rule targeting big investors. The act requires investment funds owning at least three hundred fifty single-family homes to sell rental properties after seven years. Industry groups and homebuilders argue this could discourage investment and exacerbate affordability issues. The Senate is set to vote on Thursday, but the House version lacks this investor limit, casting uncertainty on the bills future.
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