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Code · BILL · 118th Congress · H.R. 7325 (Introduced in House) — To address the housing crisis through bold investments to increase and preserve the national affordable housing suppl... · Sec. 206

Sec. 206. National housing information database

292 words·~1 min read·/bill/118/hr/7325/ih/section-206·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency shall jointly establish and maintain a national database of landlords of residential rental dwelling units in multifamily housing. The Secretary and the Director shall require each landlord of a residential rental dwelling unit in multifamily housing to submit to the database the following information regarding a residential rental dwelling unit: The identity of the landlord and owner of the dwelling unit and contact information for such landlord and owner.
The total number of residential rental dwelling units in the property in which such dwelling unit is located. The total number of residential rental dwelling units owned by or under the control of such landlord. The total number of properties containing residential dwelling units managed by such landlord and owned by such owner, the number of residential rental dwelling units in each such property. Whether the landlord uses real estate and property management software in making residential rental dwelling units available for rental and, if so, the identity of such software.
Information maintained in the database shall be made publicly available on a website of the registry. For purposes of this section, the following definitions shall apply: The term landlord means, with respect to a residential rental dwelling unit, the person or entity having legal authority to lease such dwelling unit. The term multifamily housing means a residence consisting of 5 or more dwelling units. The Secretary and the Director shall submit a report to the Congress, the Federal Trade Commission, the Attorney General of the United States, and the Attorney General for each State annually assessing the extent of concentration in ownership of residential rental dwelling units and the issues and dangers posed by such concentration.
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