The bill includes safeguards to ensure properties remain in long-term rental use and applies to newly constructed housing placed in service after enactment.
I will include safeguards to ensure properties remain in long-term rental use and apply the policy to newly constructed housing placed in service after enactment.
Occurrences
Evidence
The final text kept a carve-out for build-to-rent projects and did not include the Senate divestment rule for newly built rental homes.
Congress passed the housing bill, but Trump canceled the signing ceremony and said he would not sign it until the SAVE Act passed.
Assessments
The housing package did not enact the promised safeguard: the final text kept a carve-out for build-to-rent projects and did not extend the restriction to newly constructed rental housing. Because the policy was not actually adopted or applied by the end of the lookback window, the promise was not fulfilled. There was a serious legislative attempt, so the effort badge applies.