House Passes Bipartisan Housing Bill Targeting Corporate Homebuyers

A White House official confirmed support.

“The White House supports the House’s housing bill thanks to the changes that were made,” the official said.

The House, however, rejected a tougher Senate-backed provision that would have forced large institutional landlords already holding single-family rental homes to sell them off within seven years.

That proposal had support from progressives, including Sen. Elizabeth Warren, but House lawmakers opted for a narrower approach that targets future purchases without forcing divestitures that could disrupt renters.