Trump Signs Executive Order 14376 to Stop Large Institutional Investors From Buying Single-Family Homes
President Donald Trump on January 20 signed Executive Order 14376, Stopping Wall Street From Competing With Main Street Homebuyers, at the White House in Washington. The order states that it is the policy of his administration that large institutional investors should not buy single-family homes that could otherwise be purchased by families, in order to preserve the supply of single-family homes for American families and increase paths to homeownership.
The order directs the Secretary of the Treasury, within 30 days and in consultation with the Assistant to the President for Economic Policy, to develop definitions of large institutional investor and single-family home. Within 60 days, the Secretaries of Agriculture, Housing and Urban Development and Veterans Affairs, the Administrator of General Services and the Director of the Federal Housing Finance Agency are to issue guidance to prevent agencies and government-sponsored enterprises, to the maximum extent permitted by law, from providing for, approving, insuring, guaranteeing, securitizing or facilitating the acquisition by a large institutional investor of a single-family home that could otherwise be purchased by an individual owner-occupant, and from disposing of federal assets in a way that transfers such a home to a large institutional investor, while promoting sales to individual owner-occupants through first-look policies and disclosure requirements. Narrowly tailored exceptions may be made, including for build-to-rent communities.
The order also directs the Treasury Department to review rules and guidance relating to large institutional investors acquiring or holding single-family homes; directs the Attorney General and the Chairman of the Federal Trade Commission to review substantial acquisitions by large institutional investors in local single-family housing markets for anti-competitive effects and to prioritize antitrust enforcement against coordinated vacancy and pricing strategies; and directs the Department of Housing and Urban Development to require owners and managing agents of single-family rentals in federal housing assistance programs to disclose their direct or indirect owners. A legislative recommendation is to be prepared to write the policy into law.
Source: The White House
Published by GSM · USA (original Chinese edition)
Photo: GSM 行政令统一模板（美国总统行政令）
