finance
Bipartisan Bill Would Restrict Private Equity Purchases of Single-Family Homes
A bipartisan housing bill backed by Sen. Elizabeth Warren was unveiled Tuesday. The 21st Century ROAD to Housing Act includes more than 45 provisions aimed at increasing housing supply and affordability.
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A bipartisan housing bill backed by Sen. Elizabeth Warren was unveiled Tuesday. The measure would restrict private equity firms from purchasing single-family homes.
The legislation, named the 21st Century ROAD to Housing Act, contains more than 45 provisions designed to increase housing supply, reduce costs, and improve affordability. It would also impose penalties on corporate landlords that violate housing regulations, with collected fines directed to housing initiatives.
The bill seeks to address rising housing costs by limiting institutional investors' role in the single-family home market.
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