Senate Passes Major Housing Bill With Investor Home Purchase Ban

The Senate passed the largest housing affordability bill in three decades on Thursday, approving the measure in an 89 to 10 vote, reported by CNBC.

The legislation includes a controversial provision that would ban investors and companies from buying single family homes if they already own 350 or more properties.

According to the report, companies that build or significantly renovate homes could still own them but must sell the properties within seven years.

Housing affordability bill clears Senate as investor ban creates headaches https://t.co/QMwNXd6lX1

— CNBC (@CNBC) March 12, 2026

President Donald Trump strongly supported the investor restriction and signaled he would not sign a housing bill without it. However, the measure now faces uncertainty in the House, which previously passed its own bipartisan housing plan.

Industry groups such as the National Association of Home Builders and the Mortgage Bankers Association warned the seven year limit could reduce build to rent housing and remove hundreds of thousands of units from the market.

Some lawmakers support the cap to limit corporate ownership, while critics argue it could restrict housing supply and rental availability.

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tippinsightsTIPP Staff