The Trump administration has outlined plans to restrict large-scale real estate investors from purchasing additional residential properties, according to a Thursday report from the Wall Street Journal.
A White House memorandum delivered to congressional committee leadership details the proposed restriction, which would prevent investors who already own more than 100 single-family properties from acquiring more homes, the Journal reported.
The plan includes several exceptions to the purchasing restriction, particularly for investors who construct new homes or undertake major renovations on properties intended exclusively for rental markets, according to the report.
Administration officials are working to incorporate this investor restriction into ongoing Senate housing legislation negotiations, the Wall Street Journal indicated.
When contacted for comment Thursday evening, White House representatives had not yet provided a response.
This proposal builds upon an executive order President Trump issued in January aimed at limiting large institutional investors’ ability to compete against individual home purchasers, with the goal of improving housing affordability.
Facing pressure to tackle housing cost concerns before this year’s congressional elections, the Trump administration has rolled out multiple initiatives, including mortgage-backed securities purchases, designed to make homeownership more accessible to Americans.
