American Family Housing Act

HR 7186, the American Family Housing Act, restricts large investment firms from purchasing single-family homes or gaining controlling ownership in companies that own many homes. Specifically, it prohibits any "large-scale company" (defined as an investment firm or private fund with over $100 billion in assets under management) from buying single-family residences or holding more than 49% equity in a company owning over 100 such homes, beginning 100 days after enactment. The bill defines "single-family residence" as a standalone home without shared walls or utilities, excluding condos and co-ops. This directly affects major institutional investors in the housing market, limiting their ability to expand ownership of single-family properties. The law aims to curb institutional investment in residential real estate through these specific financial and ownership restrictions.