House Passes Trump-Backed Bill BANNING Large Investors from Buying Single-Family Homes

In an overwhelming bipartisan vote of 396-13, the House has passed the 21st Century ROAD to Housing Act.

Among other provisions, the Trump-endorsed bill bans large institutional investors like Blackstone from buying single-family homes.

Here are the details:

Backup here if needed:

🚨 NOW: The US House has just PASSED a Trump-backed bill to BLOCK large institutional investors from buying up single family homes, 396-13

The 21st Century ROAD to Housing Act now heads to the SENATE, then Trump for final signature, and aims to boost home ownership and… pic.twitter.com/BGsemR68VS

— Eric Daugherty (@EricLDaugh) May 20, 2026

NOW: The US House has just PASSED a Trump-backed bill to BLOCK large institutional investors from buying up single family homes, 396-13

The 21st Century ROAD to Housing Act now heads to the SENATE, then Trump for final signature, and aims to boost home ownership and affordability

“The White House supports the House’s housing bill thanks to the changes that were made,” Trump WH tells Fox

Stopping large institutions from buying up residential homes meant for families is something that President Trump has been wanting to do for quite some time.

The practice has driven up housing prices in certain areas of the United States, affecting many Americans and preventing some young families from being able to purchase their first home.

Prior to today’s vote, the bill had stalled in the House for weeks after being passed by the Senate.

Finally, it passed today after the House stripped a provision that would have forced institutional investors to sell build-to-rent homes within a certain time period.

The Hill explained further:

The housing package, called the 21st Century ROAD to Housing Act, made changes to a Senate version that passed the upper chamber 89-10 earlier this year.

It would approve incentives to build new homes, establish a program to convert abandoned buildings into housing developments and authorize new grants to modernize existing homes, among other priorities.

But it notably stripped a controversial provision requiring large institutional investors of build-to-rent single-family homes to sell those properties within seven years. The provision had sparked an uproar among hard-line conservatives, who argued that it amounts to unnecessary government interference in the free market and private housing economy.

It would also include a section on “Housing Supply Frameworks,” which would establish guidelines and best practices for zoning and land use policies, among other things.

Now, the bill heads back to the Senate, where the amended-version will have to be approved before President Trump can sign it into law.

It’s unclear whether or not the amended-bill will have enough support to pass in the Senate.

Fox News reported:

The president’s support is a major victory for House GOP leadership, who defied a pressure campaign from the Senate to pass the upper chamber’s rival housing bill without any changes.

ADVERTISEMENT

The amended House bill’s future remains uncertain in the Senate, where it will need to overcome a 60-vote threshold and potential frustration over the lower chamber’s modifications.