Big investors would lose tax breaks and federal aid for single-family homes, helping affordable housing.
This bill would stop certain tax breaks and add a new tax for very large investors who own single-family homes. The money from this new tax would help create more affordable rental housing for low-income families.
Today, very large investors can deduct mortgage interest and depreciation on single-family homes, are not subject to a specific excise tax on their sales, and can access federal mortgage assistance. This bill would end these tax deductions for large investors, add a new tax equal to the sale price when they sell single-family homes, and block federal mortgage programs from helping them. The new tax money would help fund affordable housing.
HR 7138 · 119th Congress · AI Summary by gemini-2.5-flash · 6/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.