Ferrell is also producing the film,Â scripted by the Neighbors pair of Andrew J. Cohen and Brendan Oâ€™Brien. Cohen is also attached to helm, marking his feature film directing debut.
The House is said to follow Ferrellâ€™s character and his wife (Poehler) who, after losing their daughterâ€™s college fund, decide that they can earn some money back by opening an illegal casino in their basement.
In addition to Ferrell, Adam McKay will produce The House through their Gary Sanchez Productions. Good Universe is also producing with Jessica Elbaum and Chris Henchy set to serve as executive producers. Richard Brener, Sam Brown and Michael Disco, meanwhile, will oversee for New Line.
The House will shoot this August, aiming for a likely 2016 release.
(Photo Credit: Getty Images