Overview
- A coalition of 42 organizations, including the Mortgage Bankers Association, the Real Estate Roundtable and the National Apartment Association, urged Senate leaders to strike Section 901, which compels large build-to-rent operators to sell homes within seven years.
- The National Association of Home Builders withdrew support and warned it will consider a key vote in opposition if the selloff mandate remains in the bill.
- The package pairs a ban on institutional purchases of single-family homes with a carveout for build-to-rent, aligning with a White House priority highlighted by President Trump, though the carveout now includes the seven-year disposal rule.
- Industry leaders argue the forced-sale provision would deter financing for new communities, risk higher rents and invite constitutional challenges, noting institutional owners account for less than 2% of home purchases.
- Senators have advanced the measure toward a final vote expected the week of March 9 with broad bipartisan support, as negotiators signal the contested investor language could still change.