The 21st Century ROAD to Housing Act includes a provision stating that build-to-rent communities with fewer than three attached units are subject to a disposal requirement within seven years of construction.
The U.S. Senate has passed the bill, but the House of Representatives apparently does not want to pass it as written. The seven-year disposal requirement is a key sticking point, along with concerns about a central bank digital currency (CBDC). The House Financial Services Committee has indicated the bill will not pass the House in its current form, although pressure from the White House could change that.
Resolution will likely come through either a presidential push or informal House-Senate negotiations. A formal conference would take longer.
Bottom line: Passage of the bill is no longer a given because the disposal requirement has materially reduced support.
In the bill’s current form, institutional build-to-rent owners (groups that own 350 o
