The House of Representatives updated key language Tuesday in the bipartisan housing legislation banning institutional investors from purchasing single-family homes, reverting much of it back to the Senate’s version of the bill.
The changes come amid a clash between the two chambers, with the House taking the Senate version of the 21st Century ROAD to Housing Act and updating it. One section in particular got pushback from some in the Senate, which was the part that banned institutional investors from buying single-family homes.
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