Congress Aims to Limit Corporate Ownership of SFRs

As both the bills are sponsored only by Democrats, it seems unlikely that either will pass into law with a Republican-controlled House.

Democrats in the Senate and House have proposed two separate bills that, if passed into law, would reduce the ability of corporations to own single-family rentals.

It’s not the first time that Democratic members of Congress have criticized corporate landlords as being “predatory.” Some Senate Democrats filed a bill in July 2023 to undercut institutional investment in SFRs by reducing tax deductions. Previous attempts didn’t have a chance of being passed because of the filibuster and the narrow hold Democrats have on the Senate. Similarly, neither of the new bills has a likelihood to passing today.

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Erik Sherman

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