Investor ban on buying homes stalls housing affordability bill

Published Wed, Mar 11 202612:04 PM EDTUpdated 3 Hours Ago

By: Emily Wilkins

Homes in suburban Chicago, April 26, 2023.

Brian Cassella | Tribune News Service | Getty Images

A major housing affordability bill poised to clear the Senate as soon as Thursday will hit a wall in the House, in part over concerns about a ban on major investors from buying single-family homes. 

During a meeting at the House Republican retreat this week attended by the party’s leaders and committee chairs, Majority Leader Steve Scalise, R-La., predicted the housing measure is likely to bog down due to differences between the House and Senate versions. He said that if the Senate doesn’t address wide-ranging concerns from House members and House Financial Services Chair French Hill, R-Ark., the bill is likely to require discussions between the House and Senate before it could become law. LEARN MORE…

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