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Restrictions on hedge funds purchasing single-family homes

This bill imposes new taxes and limits on large investment funds that buy single-family houses. It aims to make homeownership more accessible for individuals by discouraging mass corporate buyouts of residential properties.
Key points
A 15% tax on the purchase price of single-family homes bought by hedge funds.
Removal of tax deductions for mortgage interest and property depreciation for these investment funds.
A 5% increase in corporate income tax for large investment entities.
Exemptions for non-profit organizations and companies that build and sell new homes.
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Status:
Introduced
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Additional Information
Print number: 119_S_3930
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2026-02-26
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

HOPE (Humans over Private Equity) for Homeownership Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3930.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-02-26.

What are the main provisions?

Key points include:

  • A 15% tax on the purchase price of single-family homes bought by hedge funds.
  • Removal of tax deductions for mortgage interest and property depreciation for these investment funds.
  • A 5% increase in corporate income tax for large investment entities.
  • Exemptions for non-profit organizations and companies that build and sell new homes.
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 Sen. Merkley, Jeff [D-OR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-17.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Real Estate Economy