Stopping Wall Street From Competing With Main Street Homebuyers

Executive Order 14376 is an executive action signed by President (name not specified in this document) that directs federal agencies to limit large institutional investors from acquiring single-family homes to keep homes available for families (Sec. 1). The order requires the Secretary of the Treasury to define key terms within 30 days (Sec. 2) and directs several agencies to issue guidance within 60 days to prevent Federal programs and Government-sponsored enterprises from facilitating such investor purchases and to promote sales to individual owner-occupants (Sec. 3(a)). It also tasks the Attorney General and the Federal Trade Commission with reviewing acquisitions for anticompetitive effects and asks HUD to require ownership disclosure where federal rental assistance is involved (Sec. 4(b), Sec. 4(c)). This matters because it aims to make it easier for first-time and middle-class families to buy homes and could change how neighborhoods are bought and managed (Sec. 1).