“President Donald Trump is set to notch a win on housing as Congress moves forward with his proposal to shut institutional investors out of housing despite the sustained skepticism of some free-market Republicans,” Semafor reports.
“The White House threw its weight Monday behind a new proposal from Senate Banking Chair Tim Scott, R-S.C., and the panel’s top Democrat, Elizabeth Warren, D-Mass., that combines their housing package with some elements of the House’s — plus language that would fine certain firms that own 350 or more single-family homes if they buy more two years after enactment. Though the firms could build new homes, they’d have to sell them to individuals within seven years.”
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