21st Century ROAD to Housing Act Prohibition on Large Institutional Investor Purchases of Single-Family Homes

Open for public comment until Nov. 23, 2026. Comment on Regulations.gov

What it does

The Department of the Treasury (Treasury) is issuing this proposed rule to carry out the purposes of section 1001 of the 21st Century ROAD to Housing Act (the Act or the ROAD Act). Section 1001 of the ROAD Act prohibits large institutional investors from purchasing single-family homes, subject to certain exceptions. The proposed rule would clarify certain terms relevant to those restrictions, including "large institutional investor"; clarify the application of certain exceptions from the statutory prohibition; and clarify the statutory enforcement mechanism. The proposed rule is intended to provide clarity to market participants and other stakeholders on the application of the statute before the effective date of the ROAD Act.

The Treasury Department's summary, as published in the Federal Register.

What it would change

1 part of Title 31 of the Code of Federal Regulations:

31 CFR 36

Before this

No earlier Federal Register document under regulation identifier 1505-AC96 since Jan. 1, 2025.

What happens next and when

Comments on this notice of proposed rulemaking must be received on or before November 23, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Docket TREAS-DO-2026-0529 on Regulations.gov
• Title 31 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register