21st Century ROAD to Housing Act is Law: Impact on Large Institutional Investors

Short summary

The 21st Century ROAD to Housing Act became law on July 11, 2026, prohibiting large institutional investors (entities with investment control of 350+ single-family homes) from purchasing additional single-family homes, with key exemptions for build-to-rent, renovate-to-rent, and homeownership programs. The previously proposed seven-year divestment requirement was eliminated. The Act is effective 180 days after enactment and sunsets after 15 years.

• •Federal prohibition on large institutional investors purchasing additional single-family homes
• •Build-to-rent and renovate-to-rent projects are exempt; seven-year divestment requirement removed
• •Act effective 180 days post-enactment with a 15-year sunset

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