United States Congress
Affordable Housing and Homeownership Protection Act of 2024
January 25, 2024
Summary
This bill would impose a tax on large investors purchasing single-family homes, with rates from 1% to 5% depending on the number of homes owned. The tax applies to investors owning more than 15 single-family homes, with exemptions for nonprofits and government entities. Revenue from the tax would be allocated to the Housing Trust Fund and Capital Magnet Fund to support affordable housing.
Source: https://www.congress.gov/bill/118th-congress/s-bill/3673
Common questions
- What does "Affordable Housing and Homeownership Protection Act of 2024" cover?
- This bill would impose a tax on large investors purchasing single-family homes, with rates from 1% to 5% depending on the number of homes owned. The tax…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on January 25, 2024.