End Hedge Fund Control of American Homes Act

This bill would impose a tax on hedge funds and large real estate investors who own more single-family homes than a gradually decreasing threshold (starting at 90% of their previous year's holdings and phasing down to 0% after 9 years). The tax would be $50,000 per excess property for each year they exceed their limit. Revenue from the tax would fund a down payment assistance program that prioritizes families buying homes from these investors. The bill aims to limit large-scale investment in single-family homes by these entities while providing financial assistance to homebuyers.