End Hedge Fund Control of American Homes Act

This bill imposes a 50% tax on new single-family home acquisitions by large investment firms (defined as hedge funds or entities managing $50 million+ in assets). It also levies an annual tax of $50,000 per excess property held beyond legally allowed limits - starting at zero for hedge funds and gradually increasing for other investors over time. Revenue from these taxes funds a new down payment assistance program, prioritizing first-time homebuyers purchasing properties previously owned by these firms. The law directly affects major real estate investment entities, not individual homeowners or small landlords.