President Trump Pushes for Ban on Institutional Homeowners to Protect American Dream
President Donald Trump is advocating for Congress to pass a ban on institutional investors owning single-family homes, a key component of the 21st Century Road to Housing Act. This legislation, currently stalled in Congress, aims to prioritize homeownership for individuals over corporations. Trump highlighted the issue in a recent post on Truth Social, referencing the challenges faced by individuals like Houston resident Raysall Wiggins, who struggled to purchase a home due to competition from investors. The bill has faced opposition from builders and housing industry groups who argue that institutional investors contribute to housing inventory and that the proposed requirement for build-to-rent developers to sell homes within seven years could hinder market growth.