NARPM Urges Congress to Address Concerns in Bipartisan Housing Legislation

On March 11, 2026, NARPM urged Members of Congress to address concerns regarding the bipartisan housing legislation moving through the Senate (H.R. 6644). While NARPM appreciates Congress’s focus on housing affordability, our letter flags two provisions that could seriously harm professional property managers and the broader rental housing market.

Institutional Investor Language

As currently drafted, property managers operating under third-party contracts risk being classified as “large institutional investors” because the units they manage — but do not own — could count toward the bill’s 350-unit threshold. NARPM is urging Congress to add targeted language that clearly distinguishes between owning and managing properties.

Build-to-Rent Divestment Requirement

A provision requiring divestment of single-family rentals after seven years would deter developers and capital from building new homes — worsening the housing shortage at exactly the wrong moment. NARPM is calling for this provision to be removed and replaced with measures that incentivize new construction.

NARPM stands ready to work with Members and staff from both chambers to get this right. We’ll keep you updated as the legislation progresses. In the meantime, read the full letter on the NARPM website and reach out to the Governmental Affairs team with any questions.