Democrats counter Trump's proposal to limit institutional housing investors

Both congressional Democrats and President Donald Trump both want to limit how many homes major corporations can own, but a new proposal from Sen. Elizabeth Warren, D-Mass., makes it clear that's where the agreement ends. In a bill released hours before Trump's State of the Union speech, Warren, Sen. Jeff Merkley, D-Ore., and 16 other Senate Democrats propose ending some housing-related tax benefits for major corporations. The bill would prevent companies with more than 50 single-family homes for rent from taking deductions for housing value depreciation and mortgage interest payments. Corporations would also be barred from getting federally backed mortgages. The bill would provide a temporary carve-out for companies building new multifamily housing or rehabilitating properties that would otherwise be uninhabitable. The Trump administration is pushing its own housing proposal. In a memo sent to lawmakers last week, the administration proposed banning institutional investors who own more than 100 single-family homes from buying any new ones. Trump's proposal also includes several exceptions for companies that increase the number of single-family homes.The dueling proposals come as legislation to boost housing supply and affordability is in the home stretch to becoming law. The House passed a bipartisan bill earlier this month with broad support, and the Senate advanced its own bipartisan bill last year. The two sides are working to combine the proposals into a final package. Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

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