Senate Passes Bill Capping Wall Street's Single-Family Home Purchases at 350

The U.S. Senate passed a housing affordability bill in June 2026 that restricts large institutional investors from owning more than 350 single-family homes each. The cap targets the largest portfolio holders without affecting smaller regional or individual operators. The provision has drawn intense focus on Capitol Hill, where housing advocates and lawmakers have pushed for years to curb bulk purchases by private equity–backed landlords following the post-2008 surge in institutional acquisitions.