US HB7586

Requires the Secretaries of Agriculture, HUD, and Veterans Affairs, plus the GSA Administrator and FHFA Director, to issue guidance within 180 days restricting large institutional investors from acquiring federally-financed single-family homes

Mandates each agency establish its own definition of "large institutional investor" and prevent such investors from obtaining federal approval, insurance, guarantees, or securitization for single-family home purchases

Restricts federal agencies from disposing of assets in ways that transfer single-family homes to large institutional investors

Requires promotion of real estate-owned property sales to individual owner-occupants through anti-circumvention provisions, first-look policies, and disclosure requirements

Includes narrow exceptions for build-to-rent properties that are planned, permitted, financed, and constructed specifically as rental communities from the outset