Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026)

Summary

The bill creates an excise tax on the purchase and excess ownership of single‑family residences by large investment entities, such as hedge funds, that manage at least $50 million. Revenue from the tax is funneled into a special fund that provides down‑payment and settlement‑expense loans to eligible homebuyers. The goal is to curb institutional control of Maryland housing and increase affordable‑home access.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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