House Passes Bipartisan Housing Bill Targeting Corporate Homebuyers
The House delivered a massive bipartisan victory Wednesday, passing a housing bill designed to expand homeownership, lower costs, and limit institutional investors from snapping up single-family homes.
The amended 21st Century ROAD to Housing Act passed by a commanding 396-13 vote, sending the legislation to the Senate and giving Republicans a potential cost-of-living win heading into the midterm elections.
House leaders framed the bill as a direct response to the housing affordability crisis squeezing millions of Americans.
Speaker Mike Johnson argued the stakes could not be clearer.
“Increased housing costs and lack of quality supply are two issues that impact nearly every American family,” Johnson said.
He called the legislation a “strong bipartisan package that will put more American families into homes.”
House Majority Leader Steve Scalise made a similar argument.
“This is something that every American in this country is going to be happy to see, to have lower housing costs,” Scalise said.
At the center of the legislation is a provision aimed at institutional investors.
The House version preserves a ban on large corporate investors buying newly built single-family homes, a priority backed by the Trump administration.
House Financial Services Committee Chairman French Hill said the bill directly aligns with President Donald Trump’s housing agenda.
“This bill prioritizes American families by expanding homeownership, enhancing affordability, reducing burdensome regulations that drive up costs, and increasing housing supply nationwide,” Hill said.
“Importantly, it delivers on President Trump’s call to limit institutional investors from competing with the American people as they seek to purchase a home.”
A White House official confirmed support.
“The White House supports the House’s housing bill thanks to the changes that were made,” the official said.
The House, however, rejected a tougher Senate-backed provision that would have forced large institutional landlords already holding single-family rental homes to sell them off within seven years.
That proposal had support from progressives, including Sen. Elizabeth Warren, but House lawmakers opted for a narrower approach that targets future purchases without forcing divestitures that could disrupt renters.
Polling suggests the political move may be popular.
A recent survey found seven in ten voters support banning major investors owning more than 350 homes from buying additional residential properties.
Despite the overwhelming margin, conservative opposition did emerge.
The 13 Republican “no” votes came largely from Freedom Caucus-aligned members objecting not to the housing provisions, but to language dealing with central bank digital currencies.
Rep. Warren Davidson explained his opposition in stark terms.
“A temporary ban is the worst of both worlds: political cover today, a clear runway tomorrow,” Davidson wrote.
“Make it permanent, or take it out.”
The provision temporarily blocks a government-backed digital currency through 2030, but some conservatives fear that simply delays rather than prevents future implementation.
Now the bill moves to the Senate, where its path becomes more uncertain.
Because the House amended the Senate’s earlier version instead of passing it unchanged, lawmakers in the upper chamber must now decide whether to accept the changes, negotiate further or stall the package entirely.
The biggest flashpoint could be the removal of the forced-sale requirement for institutional landlords.
The bill also faces the Senate’s 60-vote threshold, always a major obstacle.
Still, the lopsided House vote gives the legislation strong momentum.
For Republicans, the politics are straightforward.
Housing affordability remains a top concern for voters dealing with high mortgage rates, tight inventory and growing competition from deep-pocketed corporate buyers, Fox News reported.
For Democrats, opposing a bill aimed at limiting investor competition in the housing market could also carry political risk.
Whether the Senate quickly advances the legislation or lets it bog down in procedural fights could determine whether Congress delivers a tangible housing win before voters head to the polls.
This article may contain commentary which reflects the author's opinion.
My Husband Left Me in Rags for His Mistress. He Didn't Know My Billionaire Father Owned the Gala.
He took his mistress to the most prestigious gala in the city and left me standing in an old evening dress, then looked me in the eye and said, ""You'll only embarrass me."" He thought humiliating me would be the end of the story. He had no idea that one phone call I'd kept hidden for three years was about to shake everything he had built.
""You really planned to wear that?""
My husband's voice drifted up from the front entrance, cold enough to make my hands tremble. I stood frozen in front of the bedroom mirror, staring at the navy dress I had treasured since before we got married. The fabric was still elegant, but time had begun to show along the sleeves. I smoothed them anyway, hoping they looked less obvious.
Outside, Spencer Reed stepped out of his black SUV looking like the perfect CEO, every inch polished and confident. From the hallway, I heard our housekeeper, Mrs. Evelyn, gently ask if she should tell me it was time to come downstairs.
""There isn't any reason,"" Spencer answered without hesitation. ""Paisley's coming with me.""
His words hit harder than a slap.
I walked to the window and watched him adjust his cuff links without even glancing toward the house. Three years of marriage... and somehow I still kept convincing myself that if I stayed humble enough, patient enough, invisible enough, he would eventually love me.
I was wrong.
The sound of high heels echoed through the marble foyer.
Paisley Dawson slipped beside him wearing a shimmering gold gown that looked like it belonged on a magazine cover. Around her neck sparkled a diamond necklace that cost more than I had probably spent on myself during our entire marriage.
She smiled sweetly before looking me up and down.
""So... you're the wife.""
Her eyes paused on my worn sleeves, and she laughed softly.
""Now I understand why Spencer never brings you anywhere.""
I waited.
Surely my husband would say something.
Anything.
Instead, he smiled at her.
""You look incredible.""
The room suddenly felt colder.
Paisley rested her hand possessively on his arm.
""The Apex Group charity gala isn't a place for someone dressed like... that,"" she said. ""Tonight will be filled with CEOs, senators, investors—people who actually matter. You'd only make Spencer look bad.""
Every word was carefully chosen to wound.
I turned to Spencer, refusing to let them see the anger building inside me.
He didn't defend me.
He didn't deny her words.
He simply offered Paisley his arm.
""We're late.""
That was all.
I stood silently as the front door closed behind them. A few seconds later, the SUV disappeared through the gates, its taillights fading into the evening.
Mrs. Evelyn quietly walked over and touched my arm.
""I'm so sorry, Mrs. Reed. Would you like me to make you some dinner?""
I forced a faint smile.
""No... thank you.""
I climbed the stairs alone and shut the bedroom door behind me. Through the window I could see the skyline where tonight's gala was already beginning, lights glowing above the city like another world I was never meant to enter.
Then my phone vibrated.
A message.
Unknown number.
When I opened it, my stomach dropped.
It was a selfie from the back seat of Spencer's SUV.
Paisley leaned against him with a smug grin, flashing a peace sign while Spencer's reflection appeared beside her in the window.
Below the photo she had written:
""By the time tonight is over, he'll belong to me completely. Have fun waiting at home.""
I didn't cry.
Instead, I walked to my vanity, opened the lowest drawer, and pulled out a small red velvet box I hadn't touched in three years.
Inside rested a SIM card.
The one I promised myself I'd never need again.
I slipped it into my phone.
Only one contact appeared.
Dad.
My thumb hovered over the screen before I finally pressed Call.
One ring.
Two.
Three.
Then I heard the voice I hadn't allowed myself to hear since I walked away from my family.
""Phoebe?""
His voice sounded older... but the concern was still there.
My throat tightened.
""Dad...""
For a moment I couldn't speak.
Then the words finally escaped.
""I want to come home.""
Silence.
Long enough to make my heart pound.
Finally, my father—Raymond Harrell, the billionaire whose name could open almost any door in the country—answered with a voice trembling from emotion.
""My little girl...""
Another pause.
""I'm coming to get you.""
In that instant, everything changed.
Spencer believed tonight would elevate his empire.
He had no idea the most powerful man he'd ever unknowingly offended was already on his way.
