Affordable Housing and Homeownership Protection Act of 2026

Sponsor: Jack Reed (Democratic-RI)January 30, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S420-421)

New taxes on big investors buying homes would help fund affordable housing programs.

This bill would create a new tax on large investors who buy single-family homes, with the tax rate depending on how many homes they already own. The money collected from this tax would go directly to programs that help make housing more affordable for everyday Americans. This change would take effect for taxable years starting after December 31, 2025.

What Would Change

If this bill becomes law, investors owning more than 15 single-family homes would pay a new tax of 1 percent, 3 percent, or 5 percent on future purchases, depending on their total number of homes. The money from this tax would then be used to provide additional funding for affordable housing programs.

Key Provisions

Would create a new tax of 1 percent, 3 percent, or 5 percent on large investors when they buy single-family homes.
Would define "covered investors" as those owning more than 15 single-family homes, with higher tax rates for those owning more homes.
Would send 65 percent of the money from this new tax to the Housing Trust Fund and 35 percent to the Capital Magnet Fund.
Would exempt non-profit affordable housing groups, state governments, public housing authorities, land banks, and community land trusts from this new tax.
Would change the minimum amount of Housing Trust Fund money small states receive from $3,000,000 to 1.1 percent of the total available funds.

View on Congress.gov

S 3754 · 119th Congress · January 30, 2026 · AI Summary by gemini-2.5-flash · 8/10

Lobbying Activity

5 filings mentioned this bill

Top Lobbying Clients

CERBERUS CAPITAL MANAGEMENT, L.P.

$150K

2 filings

FIRSTKEY HOMES, LLC

$120K

2 filings

AMERICANS FOR FINANCIAL REFORM

1 filing

Top Lobbying Firms

1.THE MADISON GROUP4 filings

2.AMERICANS FOR FINANCIAL REFORM1 filing

Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.

5 filings mentioned this bill

Top Lobbying Clients

CERBERUS CAPITAL MANAGEMENT, L.P.

$150K

2 filings

FIRSTKEY HOMES, LLC

$120K

2 filings

AMERICANS FOR FINANCIAL REFORM

1 filing

Top Lobbying Firms

1.THE MADISON GROUP4 filings

2.AMERICANS FOR FINANCIAL REFORM1 filing

Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.