HOPE (Humans over Private Equity) for Homeownership Act
Congress proposes new taxes to push large investment funds to sell single-family homes
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Adds a new federal tax on big investment funds when they buy a single-family home: 15% of the purchase price or $10,000, whichever is higher.
- Sets yearly limits on how many existing single-family homes these investors can keep, pushing them to sell more over time; a $5,000 tax applies for each home above the limit.
- Treats certain “sales” as not really reducing holdings if the home is sold to a business or to a person who already owns another single-family home.
- If an investor owes the new housing tax for the year, the bill also blocks them from taking federal tax breaks tied to those homes, like mortgage interest and depreciation deductions.
- Defines which owners are covered, mainly funds that manage pooled investor money; “hedge fund” coverage starts at $50 million or more in assets under management.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
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Bipartisan bill aims to block big investors from buying single-family homes
Democrats Counter Trump With Their Own Plan to Limit Wall Street Landlords
Senate Democrats Push New Housing Investor Ban to Counter Trump's Proposal
Democrats counter Trump's proposal to limit institutional housing investors
Source Information
Document Type
Congressional Bill
Official Title
HOPE (Humans over Private Equity) for Homeownership Act
Data Sources
Sponsor
Cosponsors
(6)Analysis generated by AI. Always verify with official sources.