American Neighborhoods Protection Act of 2025
Sponsored By: Representative Rep. Adams, Alma S. [D-NC-12]
Introduced
Summary
Would create a new federal excise tax on ownership of excess single-family residences and direct those revenues into a Housing Trust Fund for down payment assistance. The tax targets owners holding very large portfolios of single-family homes and pairs the levy with grants to state housing finance agencies to help buyers with down payments.
Show full summary
- Families: State-run down payment assistance programs would get grant funding. Priority goes to families buying homes sold by owners subject to the new tax.
- Owners of multiple single-family residences: A taxpayer with more than 75 single-family residences would pay $10,000 for each home above 75 each taxable year. Owners must report certain sales and purchaser details to the IRS or face penalties for incorrect or missing information.
- State housing finance agencies and HUD: HUD would award grants to state housing finance agencies to create or expand down payment assistance programs funded by the tax receipts. Funds would be available only as provided in appropriations acts.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Tax on owning over 75 homes
This bill would add a federal excise tax on large home portfolios. You would owe $10,000 for each single-family residence you own above 75, counted on the last day of the year. Single-family means up to 4 units, and “own” means a direct majority interest. People under the same employer would be combined and treated as one owner. Some owners would be excluded: mortgage note holders owning through foreclosure, 501(c)(3) nonprofits, builders or rehabbers, and owners of federally subsidized housing. If you owned a home on the first day of the year, some sales would still count as owned for the year if you sell to a company, a group of 3 or more people, or a buyer who already owns another single-family residence. You would need to file reports and certify the buyer’s name, address, and whether the sale is covered. Failing to report or giving wrong info could trigger a $50,000 penalty, unless you show reasonable cause. The tax would start for tax years beginning after December 31, 2025.
New down payment help for buyers
This bill would create a Housing Trust Fund tied to the new tax. HUD would give grants to state housing finance agencies for down payment assistance. States would create or expand programs you could apply to when buying a home. Priority would go to buyers of homes sold by a covered taxpayer. Money would be spent only if Congress approves it in appropriations.
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Sponsors & CoSponsors
Sponsor
Rep. Adams, Alma S. [D-NC-12]
NC • D
Cosponsors
Rep. McIver, LaMonica [D-NJ-10]
NJ • D
Sponsored 6/5/2025
Rep. Fields, Cleo [D-LA-6]
LA • D
Sponsored 6/5/2025
Rep. Thompson, Bennie G. [D-MS-2]
MS • D
Sponsored 6/5/2025
Ansari
AZ • D
Sponsored 6/23/2025
Roll Call Votes
No roll call votes available for this bill.
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