Important information: To clarify, a bill satisfies the Payout Criterion if it establishes a baseline prohibition or tax on institutional investors buying single-family homes, regardless of specific statutory carve-outs, asset exemptions, or firm-size thresholds. For example, the May 14 House-amended version of the 21st Century ROAD to Housing Act qualifies because it explicitly bans these purchases, and the inclusion of various transaction exceptions (such as build-to-rent programs) does not disqualify it.
Will legislation restricting institutional single-family home investment become law?
Will legislation restricting institutional single-family home investment become law?
49%
49%
53%
53%
82%
82%
Market Rules
An example of such a bill is here. Such legislation can have an assets under management or net value requirement for the funds and still be included within the Payout Criterion (e.g. it only applies to funds with assets under management of at least $50 million). Such legislation may also only tax certain assets, e.g. only second and third homes but not first owned by a firm.
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.