President Donald Trump issued an executive order to prevent federal programs from approving, insuring, guaranteeing, securitizing, or facilitating sales of single-family homes to institutional investors.

“Buying and owning a home has long been considered the pinnacle of the American dream and a way for families to invest and build lifetime wealth,” President Trump stated. “But… that American dream has been increasingly out of reach for too many of our citizens, especially first-time homebuyers. At the same time, a growing share of single-family homes, often concentrated in certain communities, have been purchased by large Wall Street investors, crowding out families seeking to buy homes.”

The president explained, “To preserve the supply of single-family homes for American families and increase the paths to homeownership, it is the policy of my Administration that large institutional investors should not buy single-family homes that could otherwise be purchased by families.”

As the Lord Leads, Pray with Us…

• For President Trump as he seeks to ensure the housing market is balanced and affordable for families and first-time home owners.
• For wisdom for the president and his administration officials as they seek to improve the nation’s economy.
• For department secretaries as they collaborate to keep institutional investors from using federal funding to purchase single-family homes.