HR8903119th CongressWALLET

Renter Resource Center Act

Sponsored By: Representative Pressley, Ayanna [D-MA-7]

Introduced

Summary

This bill would create a federal renter outreach resource to help tenants report disputes with large institutional owners of single-family rental homes and to coordinate federal responses and reporting.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 0 costs, 3 mixed.

HUD renter hotline and website

If enacted, HUD would have to set up a toll-free phone line and public website within 180 days to take renter complaints about covered properties. HUD would promptly process and investigate reports of possible federal-law violations, share information with relevant federal agencies, and identify the appropriate investor when needed. HUD would give renters contact information for state authorities for state-law matters, protect personally identifiable information according to existing confidentiality rules, document responses and outcomes where practicable, and send Congress an anonymized annual report by March 31 about the prior year's disputes.

Investor reporting and renter notices

If enacted, covered large investors would have new yearly reporting and renter-notice duties. Beginning in calendar year 2026, owners who are covered investors would have to tell HUD each year by December 31 whether they remain a covered investor and report how many covered homes they control and the city and State for each home, unless they own 10 or fewer covered homes in that city. Covered investors would also have to give every renter a written notice at move-in and annually with HUD outreach contact info and the name, phone, and email of the person responsible for renter disputes, post HUD resource information on a public website, and update renter contact details within 30 days of any change.

Which homes and purchases are excluded

If enacted, a "covered single-family home" would mean a residence with two or fewer units meant for one household. The bill would exclude many property types from coverage, including manufactured homes, homes that have always been renter-occupied, certain military-occupied homes with qualifying deployment or PCS orders, homes owned by the owner for less than 365 days, multi-parcel homes that cannot be sold separately, and homes under a 30-day first-look for owner-occupants or HUD-approved nonprofits. It would also list many categories of "excepted purchases" that do not count toward the 350-home total, such as new homes built for sale, specified build-to-rent or renovate-to-rent programs, certain foreclosure-related purchases with first-look protections, affordable housing program purchases, and specified senior or care housing.

Who counts as a covered investor

If enacted, the bill would make a for-profit entity a "covered large institutional investor" if it controls 350 or more covered single-family homes. Control would include owning the home, making material investment or management decisions, controlling the general partner or controlling the investment manager, or owning more than 25% of equity unless treated as a defined "passive investor." The bill would also say that merely hiring a third-party property manager or holding a small fractional interest alone does not by itself show control.

Sponsors & CoSponsors

Sponsor

Pressley, Ayanna [D-MA-7]

MA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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