The ROAD to Housing Act Leads Back to Build-to-Rent With No Divestment Requirement

Short summary

The ROAD to Housing Act (H.R. 6644) became law on July 11, 2026, regulating large institutional investors who control 350+ single-family homes. The final version dropped the divestment provision from earlier Senate drafts, allowing build-to-rent projects to continue. Key exemptions include newly constructed homes, build-to-rent programs, foreclosures, and inter-investor transfers.

• •ROAD to Housing Act effective Jan 7, 2027 restricts large institutional investors from acquiring single-family homes beyond 350 properties
• •Build-to-rent projects are explicitly exempted, removing uncertainty from earlier Senate drafts
• •Purchase is broadly defined to include mergers, construction, foreclosures, and bulk transfers

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