The ROAD Act prohibits companies owning 350 or more single-family homes from buying additional existing homes, effective approximately January 7, 2027. Las Vegas has been one of the most active markets for institutional single-family investors, with large firms purchasing thousands of homes and converting them to rentals. The restriction should keep more homes available for individual buyers, though investors can still build new rental homes and can still purchase existing homes if they spend at least 15% of the purchase price on substantial rehabilitation. (Affordable Housing Finance, Marketplace)