# 119-hr-1745: HOPE for Homeownership Act

119-hr-1745, HOPE for Homeownership Act, is a 119th Congress bill sponsored by Rep. Smith, Adam [D-WA-9] (D-WA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1745
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1745
- Congress: 119
- Title: HOPE for Homeownership Act
- Status: introduced
- Introduced: 2025-02-27
- Sponsor: Rep. Smith, Adam [D-WA-9] (D-WA)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Taxes large pooled funds that buy and hold single-family homes.** This creates a new Chapter 50B tax regime that imposes excise levies on purchases and excess ownership and removes key tax breaks for liable owners. - A purchase excise tax applies to newly acquired 1-to-4 unit residences equal to the greater of 15% of the purchase price or $10,000. - An annual excess-ownership tax charges $5,000 for each single-family residence owned above a taxpayer's maximum permissible units in a taxable year. - The rules target pooled-fund managers and similar entities. A "hedge fund taxpayer" includes those with $50 million or more in assets under management, and owners liable under Chapter 50B cannot claim mortgage interest deductions or depreciation for covered single-family properties. The law also phases tighter ownership caps over time, reducing how many homes these entities may retain.

## Cosponsors (8)

- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Latimer, George [D-NY-16] (D-NY), 2025-03-31T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2025-04-28T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2025-06-11T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2025-06-11T00:00:00.000Z
- Rep. Thompson, Mike [D-CA-4] (D-CA), 2025-11-12T00:00:00.000Z
- Rep. Goodlander, Maggie [D-NH-2] (D-NH), 2026-01-16T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2026-02-24T00:00:00.000Z

## Provisions PRIA read

- New taxes on big home investors: cost, high. This bill would add new taxes for hedge funds and similar covered investors that buy or hold single-family homes. For each newly acquired home, a hedge fund taxpayer would pay the higher of 15% of the purchase price or $10,000. Each year, owners that hold more homes than their allowed limit would o…
- Which investors and homes are covered: mixed, medium. The bill would define who is covered and which homes count. Covered investors are partnerships, corporations, or REITs that manage pooled investor money as a fiduciary; charities and builders that mainly build or rehab homes for sale are excluded. A hedge fund taxpayer would be any covered investor…

## Related bills

- 119-hr-8800: National Defense Authorization Act for Fiscal Year 2027
- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3838: Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act

## Sources
- [119-hr-1745 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1745)

## Related
- [119-hr-8800: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-hr-8800)
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3838: Streamlining Procurement for Effective Execution and Delivery and National Defe…](https://policyrisk.com/legislation/119-hr-3838)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1745 (as of 2026-04-21).