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

Summary

The bill would levy a 50 % market‑value excise tax on any acquisition of a single‑family residence by a hedge fund‑type entity, and an additional $10,000 per home held beyond a phased‑down ownership limit. All tax proceeds would first cover administrative costs and then be deposited into a new fund that provides down‑payment and settlement‑expense loans to eligible Maryland homebuyers. The measure aims to curb corporate concentration in the housing market and increase affordable‑home financing.

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

Hearings

• Ways and Means — Bill Hearing
  Ways and Means · Mar 5, 2026

History

1. Feb 12, 2026Hearing 3/05 at 1:00 p.m.
2. Feb 11, 2026First Reading Ways and Means

Sponsors

• Boafo · sponsor
• Amprey

Bill text

Opens the legislature’s own copy.

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