President Donald Trump said on Wednesday that he wants to bar large corporations from purchasing single-family housing stock as part of his new affordable housing agenda.
“I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it,” Trump said in a lengthy Truth Social post on Wednesday. “People live in homes, not corporations.”
Republican Sen. Bernie Moreno , a member of the Senate Banking, Housing, and Urban Affairs committee, wasted no time in announcing his plans to introduce legislation in response to the Trump administration’s proposal.