Senate’s attack on build-to-rent housing is failing

Housing and Urban Development Secretary Scott Turner recently toured a build-to-rent community, smiling for photos with the complex’s developer and operator and industry representatives. To me, that’s a clear signal that the Trump administration opposes a Senate housing bill’s contradictory provision to deter build-to-rent development. The Senate passed the bill — which was very pro-development, except for that one section — in a bipartisan vote. Fortunately, the House’s version of the housing bill lacks a BTR crackdown. And now it’s clear that HUD also favors build-to-rent housing. Political craziness rarely surprises me anymore, but I was shocked that build-to-rent was […] This article originally appeared on The Real Deal. Click here to read the full story.