The US Department of the Treasury has issued proposed regulations that would restrict large institutional investors from buying single-family homes. The rules would implement the 21st Century ROAD to Housing Act and codify key requirements of President Donald Trump’s Executive Order 14376.
Starting January 7, 2027, a large institutional investor generally could not purchase a single-family home or enter into a purchase contract unless the deal qualified for an exception under the act. The definition may cover entities with direct or indirect investment control over at least 350 such homes.
The law allows exceptions for purchases under build-to-rent, renovate-to-rent and homeownership programs. Treasury’s proposal would set standards for these programs and provide safe harbors for certain transactions.
