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HOMES Act: Restrictions for Large Property Owners

This act aims to improve housing access for ordinary citizens. It introduces changes that make it harder for large companies and individuals owning many properties to benefit from tax breaks, potentially affecting rental prices and single-family home availability.
Key points
Companies and individuals owning 50 or more single-family rental properties will not be able to deduct loan interest or depreciation for these properties from their taxes.
Exceptions apply when properties are sold to individuals for their primary residence or to qualified non-profit organizations focused on affordable housing.
The goal is to reduce incentives for large entities to buy up homes in bulk, which could help stabilize the housing market and increase homeownership opportunities for families.
New rules will apply to debt incurred and properties placed in service in tax years beginning after the act's enactment date.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4352
Sponsor: Rep. Sykes, Emilia Strong [D-OH-13]
Process start date: 2025-07-10
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

HOMES Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4352.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-10.

What are the main provisions?

Key points include:

  • Companies and individuals owning 50 or more single-family rental properties will not be able to deduct loan interest or depreciation for these properties from their taxes.
  • Exceptions apply when properties are sold to individuals for their primary residence or to qualified non-profit organizations focused on affordable housing.
  • The goal is to reduce incentives for large entities to buy up homes in bulk, which could help stabilize the housing market and increase homeownership opportunities for families.
  • New rules will apply to debt incurred and properties placed in service in tax years beginning after the act's enactment date.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sykes, Emilia Strong [D-OH-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Real Estate