Rep. Anna Paulina Luna Introduces Bill to Ban Wall Street from Buying Single-Family Homes

Washington, D.C. — Today, Rep. Anna Paulina Luna introduced new legislation to stop large institutional investors and corporate giants from buying up America’s single-family homes, a practice that has priced everyday families out of homeownership and fueled skyrocketing housing costs.

The bill bans corporations with more than $500 million in assets under management, as well as firms that purchase more than five single-family homes in a 30 day period, from acquiring additional single-family homes in the United States.

To unwind existing corporate dominance in the housing market, the legislation also requires covered institutional investors to fully divest their current single-family home holdings within 10 years, with a phased requirement to sell at least 10 percent of their homes each year following enactment.

“American families should be competing with other families for homes — not Wall Street hedge funds, multinational corporations, and mega-investors like BlackRock,” said Rep. Luna. “This bill restores fairness to the housing market, lowers artificial price inflation, and puts the American Dream of homeownership back within reach.”

In recent years, large financial institutions have aggressively purchased single-family homes at scale, frequently outbidding individual buyers and converting homes into long-term rental assets. This trend has driven up home prices, reduced available inventory, and weakened community stability.

By reducing institutional control of residential housing, Rep. Luna’s legislation aims to return ownership to individuals and families, strengthen neighborhoods, and protect Americans from corporate housing monopolies.

Key Provisions of the Legislation

 • Prohibits large institutional investors from purchasing single-family homes

 • Defines covered entities as firms with over $500 million in assets under management or those acquiring more than five homes within a 30 day period

 • Requires full divestment within 10 years, with a minimum 10 percent annual sell-off

 • Reduces corporate competition in the housing market

 • Prioritizes homeownership for American families over Wall Street investors

“This is about choosing people over powerful financial interests, communities over corporations, and American families over global investment firms,” Rep. Luna added. “Housing should not be a speculative asset class, it should be a path to stability, security, and prosperity.”

Read the full bill here.

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Contact:

Office of Congresswoman Anna Paulina Luna

(202) 225-5961 | david.leatherwood@mail.house.gov

Follow updates at luna.house.gov