Trump just torpedoed the best housing bill Congress has ever passed

This week, Congress passed the biggest housing bill in 30 years, and it includes something I've been fighting for since 2022: the first-ever federal limits on hedge funds and private equity firms buying up single-family homes in our communities.

But now, Donald Trump announced that he canceled the signing of the bill unless and until Republicans pass his voter-suppression act.

For years, working families trying to buy a home have been forced to compete against Wall Street. Hedge funds swoop in with all-cash, no-inspection offers and outbid regular buyers before they ever have a chance. The result? Families get priced out of neighborhoods they grew up in. Homes that should be places to raise a family become profit centers for investors who will never set foot in them.

When I first introduced legislation to crack down on this in 2022, Congress had never taken on private equity's grip on the housing market. Not once. The idea that we could actually put limits on how many homes these firms could buy felt like a long shot.

We got it done, and now Trump is holding it hostage.

The 21st Century ROAD to Housing Act puts real boundaries on institutional investors purchasing single-family homes. It passed with overwhelming bipartisan support. It's sitting on the President's desk, and he's refusing to sign it until Congress passes Trump’s voter suppression bill.

We’re not going to let this get buried.

Democrats will continue fighting to make housing more affordable.

Onward!

Jeff