HOPE for Homeownership Act

Hozzl · 2025-03-24T14:08:20Z

Explore the details of House Bill 1745 HOPE for Homeownership Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/24/2025, 2:08 PM

Summary of Bill HR 1745

Bill 119 hr 1745, also known as the "Hedge Fund Housing Act," aims to make changes to the Internal Revenue Code of 1986. The main focus of this bill is to impose an excise tax on hedge funds that own an excessive number of single-family residences and fail to sell them within a certain timeframe.

The purpose of this tax is to discourage hedge funds from holding onto large numbers of single-family homes, which can contribute to a shortage of affordable housing for individuals and families. By imposing this tax, the government hopes to incentivize hedge funds to sell these properties, thereby increasing the availability of homes for potential buyers.

In addition to the excise tax, the bill also includes provisions for other purposes related to the regulation of hedge funds and their ownership of single-family residences. These additional measures are aimed at promoting transparency and accountability within the hedge fund industry. Overall, the Hedge Fund Housing Act seeks to address the issue of housing affordability by targeting hedge funds that own an excessive number of single-family homes. By imposing an excise tax and implementing other regulatory measures, the government hopes to encourage the sale of these properties and increase access to affordable housing for individuals and families in need.

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Current Status of Bill HR 1745

Bill HR 1745 is currently in the status of Bill Introduced since February 27, 2025. Bill HR 1745 was introduced during Congress 119 and was introduced to the House on February 27, 2025. Bill HR 1745's most recent activity was Referred to the House Committee on Ways and Means. as of February 27, 2025

Bipartisan Support of Bill HR 1745

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1745

Primary Policy Focus

Alternate Title(s) of Bill HR 1745

To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.

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Comments

Sponsors and Cosponsors of HR 1745

Adam Smith

Washington(Democrat)

Linda T. Sánchez

California(Democrat)

Latest Bills

HOPE for Homeownership Act

Summary of Bill HR 1745

Read the Full Bill

Current Status of Bill HR 1745

Bipartisan Support of Bill HR 1745

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1745

Primary Policy Focus

Alternate Title(s) of Bill HR 1745

Comments

Sponsors and Cosponsors of HR 1745

Adam Smith

Linda T. Sánchez

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