To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, and to prohibit Federal mortgage assistance relating to certain large investors.
Bill restricts large investors' single-family home purchases by denying tax deductions, imposing sale excise taxes, and blocking federal mortgage access to improve homebuyer affordability.