To protect consumers from price gouging of residential rental and sale prices, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
The HOME Act targets housing price gouging and market manipulation. When the HUD Secretary declares an affordable housing crisis, it becomes illegal to charge unconscionably excessive rental or sale prices. The Secretary enforces this using FTC-like powers, and State Attorneys General can also sue. Penalties collected go to the Housing Trust Fund for affordable housing. The bill directs HUD to investigate whether housing prices are being artificially inflated through capacity reductions or market manipulation. A new Housing Monitoring and Enforcement Unit is created within HUD to track housing market data and identify anti-competitive behavior. If a single buyer purchases more than 5% of homes in an area over 3 years, or institutional investors buy more than 25% in one year, HUD must investigate. The bill also directs FHFA to regulate Fannie Mae and Freddie Mac purchases of multifamily rental mortgages to protect tenants, and requires a joint DOJ-FTC review of anti-competitive behavior in housing markets.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Protects consumers from price gouging in residential rental and home sale markets during housing crises, establishes HUD monitoring and enforcement units, limits institutional investor housing purchases, and restricts Fannie Mae/Freddie Mac investments.
Who Benefits
- Residential tenants
- First-time homebuyers
- Low-income families
Who Bears Costs
- Landlords and property owners
- Institutional investors in housing
- Real estate developers
Key Policy Areas
{'domain': 'Housing', 'evidence': 'Entire bill targets residential rental and sale price manipulation'}, {'domain': 'Finance', 'evidence': 'Sec 8 amends GSE investment rules; Sec 6 targets institutional investors'}, {'domain': 'Consumer Protection', 'evidence': 'Sec 3 creates anti-price-gouging prohibition; Sec 7 addresses unfair screening practices'}
Primary Purpose
Protects consumers from price gouging in residential rental and home sale markets during housing crises, establishes HUD monitoring and enforcement units, limits institutional investor housing purchases, and restricts Fannie Mae/Freddie Mac investments.
Policy Domains
Legislative Strategy
"Multi-pronged housing market intervention: price controls during crises, enforcement infrastructure, institutional investor restrictions, and GSE regulation"
Sponsors
Legislative Progress
IntroducedMs. Rosen introduced the following bill; which was read twice …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Landlords and home sellers, Landlords and property management companies, Multifamily rental property owners
Homebuyers and renters, Rental housing applicants, Residential tenants
HUD, State Attorneys General
Positive-direction: State Attorneys General
Negative-direction: HUD
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_director"
- → FHFA Director
- "the_secretary"
- → Secretary of Housing and Urban Development
- "attorney_general"
- → Attorney General
Key Definitions
Terms defined in this bill
Period during which the Secretary has declared a housing crisis and the pricing prohibition is in effect
A residence consisting of 1 to 4 dwelling units, excluding condominiums and co-ops
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology