January 23, 2026
President Trump has issued an Executive Order intended “to protect the American Dream by making sure that large institutional investors do not buy single-family homes that could otherwise be purchased by families.”
According to a fact sheet released by the White House, the Executive Order includes the following directives:
-
Restricting Federal Program Support: Key Federal agencies are directed to issue guidance preventing relevant Federal programs from approving, insuring, guaranteeing, securitizing, or otherwise facilitating the sale of single-family homes to institutional investors.
-
Promoting Sales to Owner‑Occupants: The Order instructs agencies to support sales to individual owner‑occupants through measures such as first‑look policies (which allow individuals and other non‑institutional buyers to bid on foreclosed properties before investors), enhanced disclosure requirements, and anti‑circumvention rules.
-
Treasury Review of Investor-Related Rules: The Secretary of the Treasury is directed to review existing rules and guidance related to how large institutional investors acquire or hold single‑family homes.
-
Review of Competitive Practices: The Attorney General and the Chairman of the Federal Trade Commission are tasked with reviewing acquisitions by large institutional investors for potential anti‑competitive practices and prioritizing enforcement actions within the single‑family rental market.
-
HUD Oversight of Investor Involvement: The Secretary of Housing and Urban Development is directed to identify potential large institutional investors participating in Federal housing assistance programs by requiring disclosure of ownership interests in single‑family rentals.
-
Preparation of Legislative Recommendations: The White House will prepare legislative proposals aimed at codifying these policies to limit large institutional investors’ ability to acquire single‑family homes.
The NARPM Advocacy Team will continue to monitor this issue and evaluate its potential impact on NARPM members.
Copyright © 2026 National Association of Residential Property Managers®. All Rights Reserved. Do not reprint without permission.