U.S. senators who opposed housing bill got tens of thousands from Blackstone, other groups

(The Center Square) – Only 10 U.S. senators voted against the bipartisan housing bill that restricts large institutional investors from buying up single family homes and requires investors to sell build-to-rent homes within seven years.

Those lawmakers also each received tens or sometimes hundreds of thousands of dollars in 2024 election-cycle campaign donations from groups whose profits could drop if the bill becomes law.

Sens. Thom Tillis, R-N.C.; Todd Young, R-Ind.; Mike Lee, R-Utah; Ted Cruz, R-Texas; Rick Scott, R-Fla.; Brian Schatz, D-Hawaii; Rand Paul, R-Ky.; Ted Budd, R-N.C.; Ron Johnson, R-Wis.; and Tommy Tuberville, R-Ala.; all opposed the 21st Century Road to Housing Act.

Their donors include private equity firms, large institutional investors in single family homes, organizations that develop build-to-rent communities, and companies that secure financing for those organizations.

Some senators also received funds f...