Policy & Ethicsinstitutional investorssingle family housingprivate equitypolicy preemption
Senator Moreno Circulates Bill Preempting State Housing Rules
5.2
Sen. Bernie Moreno (R-Ohio) is circulating draft legislation that would cap institutional ownership at 100 single-family homes while containing clauses that would preempt state and local housing rules. Two drafts, dated Feb. 20 and Feb. 24, vary on total versus limited preemption and include exemptions for build-to-rent projects and homeownership programs. Passage could undercut at least eighteen states’ pending limits on corporate landlords.
Key Points
- 1Circulates draft bill that caps institutional ownership at 100 single-family homes.
- 2Preempts state and local regulations in one draft, potentially undermining 18 state bills.
- 3Creates exemptions for build-to-rent and homeownership programs, leaving major investors largely unaffected.
Scoring Rationale
Reveals preemption risk to state housing reforms, but limited by policy focus and low relevance to data-science practitioners.
Sources
Public references used for this report.
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