ROAD Act

ROAD Act stories

Treasury's proposed renovate-to-rent rule, explained for operators and lenders. Feature status: buy walk, line-item scope and line-by-line draw checks are available; video and locks are in development for V1.1.

1. The ROAD Act renovate-to-rent rule, in plain English
   Treasury's proposed rule sets two tests for homes bought to renovate and rent. Here's what each one asks, and what it will take to prove.
2. For lenders: when the draw file becomes the compliance file
   The records Treasury wants are the records that already move through a renovation loan. The difference is tying each one to the deficiency it fixed.
3. For SFR operators and property managers: renovations first, proof always
   The rule rewards real systems work. Here's how a hypothetical home moves from buy walk to lease-ready with a record behind it.

This section summarizes a proposed rule for general information. It is not legal or tax advice.