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WASHINGTON — The US Treasury is issuing a proposed federal rule on Thursday to implement one of President Trump’s signature housing affordability bills that would bar institutional investors from buying single-family homes.

In a notice of proposed rulemaking, the Treasury Department will propose regulations prohibiting investors from purchasing the homes starting on Jan. 7, 2027 — unless it’s identified as an “excepted purchase,” such as those involved in build-to-rent programs, renovate-to-rent programs and homeownership programs.

“Under President Trump, this Administration continues to restore the path to affordable homeownership for millions of young and working families,” said Treasury Secretary Scott Bessent in a statement.

Treasury Secretary Scott Bessent touted the effort as a means of boosting affordable housing.…