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HB 1428

Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025)

2025 Regular Session Introduced by Marlon Amprey and 1 co-sponsor

Maryland bill restricts hedge fund and institutional investor purchases of residential properties through taxes and regulations to preserve homeownership access for individuals.

Hearing 2/25 at 1:00 p.m. (Environment and Transportation)
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Bill Summary · HB 1428

Legislative bill overview

HB 1428, titled the "End Hedge Fund Control of Maryland Homes Act of 2025," seeks to restrict institutional investors and hedge funds from purchasing residential properties in Maryland by imposing additional taxes and regulatory requirements on such transactions. The bill aims to preserve the residential housing market for individual homebuyers and owner-occupants rather than allowing large investment firms to accumulate single-family homes.

Why is this important

Housing affordability and ownership rates in Maryland have become increasingly strained as institutional investors purchase homes for rental portfolios or speculation, potentially driving up prices and reducing availability for first-time homebuyers. This legislation reflects growing national concern that corporate acquisition of residential properties undermines community stability and generational wealth-building through homeownership, particularly in working and middle-class neighborhoods.

Potential points of contention

  • Property rights vs. market regulation: Critics may argue the bill infringes on investment property rights and free market principles, potentially reducing overall housing supply by discouraging investor participation in rental markets
  • Tax effectiveness and circumvention: Questions exist about whether targeted taxes can be effectively enforced or if institutional investors will find legal workarounds through shell companies or subsidiary structures
  • Rental market impact: Restricting institutional investment could reduce rental housing supply in areas where single-family rentals serve tenants who cannot afford homeownership, potentially raising rental costs

Compiled from official sources — confirm details with the bill’s official record.

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