The House just set a 350-home cap on hedge funds — that’s not a solution
The House passed legislation capping institutional investor ownership of single-family homes at 350 units per entity, while the End Hedge Fund Control of American Homes Act proposes a 50 percent excise tax on any single-family home purchased by a covered institutional investor after enactment and a 10-year phase-down of existing portfolios.
The House passed legislation capping institutional investor ownership of single-family homes at 350 units per entity, while the End Hedge Fund Control of American Homes Act proposes a 50 percent excise tax on any single-family home purchased by a covered institutional investor after enactment and a 10-year phase-down of existing portfolios.
The House passed legislation capping institutional investor ownership of single-family homes at 350 units per entity, while the End Hedge Fund Control of American Homes Act proposes a 50 percent excise tax on any single-family home purchased by a covered institutional investor after enactment and a 10-year phase-down of existing portfolios.
The full story continues on The Hill.
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