Source of Title Forums: S.3402 - End Hedge Fund Control of American Homes Act

This legislation bans hedge funds and all other investors from owning large numbers of homes by establishing a $20,000 federal tax penalty per single family home owned in excess of 100. To help ensure affordability for families, revenues from this tax are reserved for down-payment assistance programs.

Ostensibly, this bill would prevent institutional investors from using their vast resources to outbid first-time buyers for the purchase of single-family homes.

Thoughts?

Regards,
Scott Perry

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Re: S.3402 - End Hedge Fund Control of American Homes Act - Kurt deVries/FL
6/12/2024 2:30:41 PM (3378 views)
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Re: S.3402 - End Hedge Fund Control of American Homes Act - Garret  Fitzgerald/VA
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Re: S.3402 - End Hedge Fund Control of American Homes Act - george Hubka/MI
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