The White House considers banning investors with more than 100 properties from continuing to buy homes — The Wall Street Journal

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Investing.com – According to a copy of a memo reported by The Wall Street Journal, the White House sent a memo to congressional leaders on Thursday outlining details of President Donald Trump’s proposed investor homebuying ban.

The Wall Street Journal reported that the proposal would prohibit investors owning more than 100 single-family homes from purchasing additional properties.

The White House’s plan includes exemptions to the ban, specifically allowing investors who build or extensively renovate homes for rent to be exempt.

The government has been urging lawmakers for weeks to add the investor ban as an amendment to housing bills currently under review in the Senate and House. Last week, House Republicans approved a new housing bill, but it did not include the investor ban. The Senate passed its own bill last fall, and negotiations are ongoing to reach an agreement on a new version that aligns with the House bill.

The Wall Street Journal reported that officials in the Trump administration are currently focusing on the Senate bill as the vehicle for adding the investor ban.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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