President Trump signed an executive order on Tuesday aimed at limiting large institutional investors from competing with individual homebuyers, with the goal of making housing more affordable. In the order, Trump stated: "To ensure American families can continue to own single-family homes and to increase opportunities for homeownership, it is the policy of my Administration that large institutional investors should not be purchasing single-family homes that would otherwise be available for families." Facing pressure to address housing affordability ahead of this year's congressional elections, Trump has recently proposed several major policy initiatives designed to boost homeownership rates and control the cost of living. Earlier this month, Trump directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds to help lower housing costs. Tuesday's order instructs the administration to promote home purchases by individuals, restrict federal programs from supporting the sale of single-family homes to Wall Street investors, and review the purchasing activities of large investors. According to documents released by the White House, the U.S. Department of Justice and the Federal Trade Commission (FTC) will "review acquisitions by large investors for anticompetitive practices and prioritize enforcement actions against institutional investors for certain practices in the single-family home rental market." The order mandates that federal agencies allow individuals and other non-institutional investors to purchase foreclosed properties before large institutional investors. The White House will also prepare legislative proposals to establish policies that prevent large institutional investors from acquiring single-family homes. This move places Trump in the rare position of aligning with U.S. Democrats. For years, Democrats have criticized corporate home-buying practices, arguing that they drive up prices, and have repeatedly, though unsuccessfully, pushed for legislation to curb the trend.