An unpopular proposal from the Trump administration to curtail activity of build-to-rent (BTR) residential real estate investors continues to receive strong pushback as lawmakers and industry groups work to pass major bipartisan housing reform.
A letter signed by 76 members of the House of Representatives representing the Congressional Real Estate Caucus and the Build America Caucus made its way to House Speaker Mike Johnson, R-La., and Minority Leader Hakeem Jeffries, D-N.Y., last week, imploring the lawmakers to reject the White House provision or risk hurting housing affordability.
“Section 901, as drafted, would have far reaching and unintended consequences that run counter to the bill’s stated goal of expanding housing opportunity,” th...