The NSRA restores single-family housing to owner-occupants by capping any institutional investor at 50 single-family homes per Metropolitan Statistical Area, nationwide.
Title XIV limits any private-equity firm, REIT, or institutional entity to 50 single-family homes per metro area. It does not touch commercial or multi-family housing. Holdings above the cap trigger a mandatory, phased divestment.
A volume-absorption filter limits forced sales to no more than 4.5% of local volume per quarter, preventing a fire-sale crash. Proceeds capitalize a Shelter Sovereignty Fund providing down-payment assistance to first-time buyers, expanding the owner-occupant buyer pool.
The cap applies prospectively and pays just compensation at the greater of fair market value or 110% of independent appraised value, engineered to satisfy the Penn Central takings analysis.
Does the NSRA stop corporations from owning any homes?
No. It caps institutional owners at 50 single-family homes per metro area and does not affect commercial or multi-family property.
Will forced divestment crash home prices?
A volume-absorption throttle limits sales to 4.5% of local volume per quarter, spreading divestment out to protect local markets.