Family homes line a neighborhood street on May 23, 2026 in Thousand Oaks, California.
Kevin Carter | Getty Images
An affordable housing bill that would limit the number of single-family homes big investors can buy is expected to be signed by the end of the month after key members of the House and Senate reached an agreement on Tuesday.
The bill focuses on increasing housing supply and does not include a controversial clause requiring large investors to sell the units they build within seven years, but it would limit the number of single-family homes that could be purchased to 350.
Senate Majority Leader John Thune, R.S., told reporters Tuesday that the bill could pass the Senate as soon as this week, with a first vote to begin advancing the bill Thursday evening.
Thune said he hopes the House will take up the bill when it is reintroduced next week. Previous bills have passed the House of Representatives with strong support, meaning the House can use an expedited process to pass them into law.
Sen. Elizabeth Warren of Massachusetts, who helped steer the bill as the top Democrat on the Senate committee that oversees housing, said the bill is important not only because of its focus on affordability, but because of how Congress deals with private equity.
“Never before has Congress put limits on private equity’s ability to go into any industry they want, buy up what they want, destroy what they want,” he told CNBC in a brief interview in the hallways of the Capitol. “This bill is historic because it says a big, big ‘no’ to the growth of private equity that is tearing apart our neighborhoods.”
