The American Family Housing Act prevents large-scale companies from purchasing single family homes, aiming to keep housing more accessible for families and individuals.
If you are a family trying to buy a home, this bill could make it easier by limiting big companies' purchases.
Who this affects
Families buying homes · Large investment companies
What changes is this bill making?
1This bill stops large companies from buying single family homes.
2It defines large companies as those with over $100 billion in assets.
3The ban starts 100 days after the bill becomes law.
4It also limits these companies from owning too much of a housing issuer.
5Single family homes are defined as independent living spaces for one household.
