Homes for American Families Act

This bill, titled the Homes for American Families Act, would amend the Sherman Antitrust Act to prohibit large investment entities from buying residential homes. It targets real estate investment trusts, insurance companies, and investment funds managing at least $150 million in assets, while exempting homebuilders and developers who construct homes for individual buyers. The law would treat such purchases as antitrust violations, though only civil penalties would apply rather than criminal ones. Additionally, the Department of Justice would be directed to prioritize investigating coordinated vacancy or pricing strategies by these large investors in local housing markets. The restrictions would only apply to purchases made after the bill is enacted.