H.R. 3745: American Neighborhoods Protection Act of 2025

Introduced Jun 5, 20254 cosponsors

Sponsor

Alma Adams

Democrat · NC

Congress wants big landlords to sell houses

3 min readLast updated July 29, 2026

Why it matters

The line is 75 single-family homes. If you are trying to buy your first house, H.R. 3745 is aimed at the investors Congress says have turned neighborhoods into large-scale portfolios—and it would use equivalent tax revenue to fund down payment help.

H.R. 3745 would hit taxpayers who own more than 75 single-family residences with a new federal excise tax unless they sell down their holdings.

The bill takes a hard-target approach to investor ownership. Instead of capping purchases directly, it imposes a tax on owners above the 75-home threshold starting in tax years after December 31, 2025.

The money would not just go into the Treasury's general pot—amounts equivalent to the new tax revenue would be steered into a Housing Trust Fund for down payment assistance grants. HUD would run that grant program through state housing finance agencies.

Those state agencies would use the money to create or expand down payment assistance for families buying homes in their state. The bill also tells them to prioritize buyers purchasing homes sold or transferred by the large owners covered by the tax.

That means the bill is trying to do two things at once: pressure large owners to put houses back on the market, and help would-be buyers afford those homes if they do. If it worked as sponsors intend, you could see more investor-owned houses sold to families instead of kept as long-term portfolio assets.

Bill Progress

IntroducedJun 5

Committee

Pass House

Pass Senate

Signed

Law

Latest Action · Jun 5, 2025

1/2

Referred to Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. for review

H.R. 3745 Bill Summary

What H.R. 3745 actually does.

Owners above 75 houses face a new tax

H.R. 3745 creates a new federal excise tax aimed at taxpayers who own more than 75 single-family residences and do not reduce their holdings.

The rule starts after 2025

The tax would apply to taxable years beginning after December 31, 2025, giving affected owners time to adjust before it takes effect.

Tax revenue is tied to homebuyer assistance

Amounts equivalent to the revenue from the new tax would be transferred into a Treasury Housing Trust Fund rather than left for general government spending.

States would get money for down payment help

HUD would make grants to state housing finance agencies so they can start or expand down payment assistance programs for families buying homes.

Buyers of homes sold by large investors get priority

State agencies receiving grants would have to prioritize families buying single-family homes sold or transferred by the taxpayers covered by the tax.

Who benefits from H.R. 3745?

Families trying to buy their first home

If investor-owned houses are sold off, you could face less competition from large buyers and may also qualify for state-run down payment assistance backed by the new trust fund.

State housing finance agencies

These agencies would receive HUD grants to build or expand down payment assistance programs for homebuyers in their states.

Communities with heavy investor ownership

Neighborhoods where large owners have accumulated dozens of houses could see more properties return to the for-sale market if the tax changes investor behavior.

Who is affected by H.R. 3745?

Taxpayers who own more than 75 single-family residences

They would face a new federal excise tax if they keep holdings above the bill's threshold instead of selling down.

Institutional single-family rental firms and wealthy bulk investors

Business models built around owning large numbers of detached houses would come under direct tax pressure starting after 2025.

HUD and state housing agencies

HUD would have to stand up the grant program, and state housing finance agencies would have to administer assistance and apply the bill's buyer-priority rules.

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Tracking floor activity — no debate on H.R. 3745 yet. Updates when a legislator speaks on the record.

HR3745 Legislative Journey

1 actions

Committee Action

Jun 5, 2025

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

About the Sponsor

Alma Adams

Democrat, North Carolina's 12th congressional district · 12 years in Congress

Committees: Agriculture, Education and Workforce

View full profile →

Cosponsors (4)

No new cosponsors in 418 days — momentum stalled

All 4 cosponsors are Democrats. Cosponsors represent 4 states: Arizona, Louisiana, Mississippi, and 1 more.

4Democrats·4 states

LaMonica McIver

Democrat · NJ

Cleo Fields

Democrat · LA

Bennie Thompson

Democrat · MS

Yassamin Ansari

Democrat · AZ

What laws does H.R. 3745 change?

1 changes

Full Text

Sections Amended

Section 3(b) of American Neighborhoods Protection Act of 2025.''. (2) Clerical amendment.--The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986

adding at the end the following new item: ``Sec

H.R. 3745 Quick Facts

Cosponsors

Chamber: House
Policy: Taxation
Introduced: Jun 5, 2025

Jun 5, 2025

Constituent Resources

Find your legislators on H.R. 3745

Get notified when this bill moves

Official Sources

H.R. 3745 on Congress.gov

Official bill page with full text, actions timeline, cosponsors, and committee referral status for the American Neighborhoods Protection Act of 2025.

Rep. Adams: Bill to Lower Cost of Housing

Sponsor press release with key data points: 26% of single-family homes owned by corporations in 2023, a 53% increase since 2010, and the $10,000-per-home annual excise tax mechanism.

House Ways and Means Committee

Primary committee of referral. As the chief tax-writing body in the House since 1789, Ways and Means has jurisdiction over the excise tax provisions in Section 2 of the bill.

House Financial Services Committee

Secondary committee of referral, with jurisdiction over housing policy. Oversees the economy, banking system, housing, insurance, and securities — relevant to the Housing Trust Fund provisions in Section 3.

26 U.S.C. Subtitle D — Miscellaneous Excise Taxes

The section of the Internal Revenue Code where HR 3745's new excise tax on excess single-family home ownership would be codified. Lists all existing federal excise tax chapters.

IRS: Excise Tax Overview

IRS overview of excise taxes — indirect taxes on specific goods, services, and activities. HR 3745 would add a new excise tax to this category, targeting taxpayers owning more than 75 single-family residences.

GovInfo: HR 3745 Bill Status (XML)

Machine-readable bill status data from the Government Publishing Office, tracking all legislative actions from introduction through committee referral.

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H.R. 3745 Common Questions

What does H.R. 3745 actually do?

It would impose a new federal excise tax on taxpayers who own more than 75 single-family residences, then send equivalent revenue into a fund for down payment assistance grants.

How many houses can you own before this bill applies?

The threshold is more than 75 single-family homes. If you own 75 or fewer, this bill's new tax would not apply to you.

When would the 75-home tax start?

It would apply to taxable years beginning after December 31, 2025.

Would first-time homebuyers get money directly from H.R. 3745?

Not directly from the federal government. HUD would send grants to state housing finance agencies, and those agencies would run or expand down payment assistance programs for families buying homes.

Who gets priority for the down payment assistance?

The bill says state agencies must prioritize families buying single-family homes sold or transferred by the large owners covered by the tax.

Does H.R. 3745 ban corporations from owning houses?

No. It does not create a flat ownership ban in the text provided. Instead, it uses a tax penalty to pressure taxpayers above the 75-home threshold to sell down.