Home > Executive Order

AI Summary: This regulation establishes a policy to prevent large institutional investors from acquiring single-family homes that could otherwise be purchased by families, aiming to preserve homeownership opportunities for American families, particularly first-time homebuyers, who are struggling to compete with these investors due to high inflation and interest rates. The policy directs the Secretary of the Treasury to define "large institutional investor" and "single-family home" within 30 days. Federal agencies, including the Departments of Agriculture, Housing and Urban Development, and Veterans Affairs, along with the General Services Administration and the Federal Housing Finance Agency, are required to issue guidance within 60 days to prevent the sale or disposition of single-family homes to large institutional investors, while promoting sales to individual owner-occupants through measures like anti-circumvention provisions and first-look policies, with narrowly tailored exceptions for build-to-rent properties. Additionally, the Secretary of the Treasury will review and consider revising rules related to large institutional investors' acquisition of single-family homes, the Attorney General and FTC will review acquisitions for anti-competitive effects and prioritize antitrust enforcement against coordinated strategies, and the Department of Housing and Urban Development will require disclosure of ownership for single-family home rentals participating in federal housing assistance programs. Finally, a legislative recommendation will be prepared to codify this policy.