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July 14, 2026

Bill targets hedge fund homeowners

By JOURNAL STAFF

WASHINGTON, D.C. — Monday, Rep. Adam Smith (D-Wash.) joined other lawmakers in introducing the Protecting American Homes from Hedge Funds Act. The legislation intends to phase hedge funds and large institutional investors out of America's single-family housing market.

Under the legislation, hedge funds purchasing additional single-family homes would face a tax penalty equal to 50% of a property's sale price. The bill would also eliminate certain tax advantages associated with institutional homeownership, including depreciation and mortgage interest deductions, and require hedge funds to divest their existing single-family home portfolios over a 10-year period. Revenue generated from penalties would be directed toward down payment assistance programs for first-time homebuyers.


 
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