H.R. 3745: American Neighborhoods Protection Act of 2025
Sponsor
Alma Adams
Democrat · NC
Bill Progress
Latest Action · Jun 5, 2025
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
Why it matters
If it passed, the bill would put large-scale single-family landlords and institutional investors directly in the crosshairs while steering equivalent tax revenues into a new Treasury Housing Trust Fund for down payment assistance grants. The intended winners are would-be owner-occupants priced out of neighborhoods dominated by investor purchases; the likely losers are firms and wealthy investors that have treated single-family homes as a scalable asset class, though the real effect would depend on how aggressively the tax is enforced and whether big owners restructure around the 75-home threshold.
H.R. 3745 Common Questions
Can you own more than 75 single-family homes under the American Neighborhoods Protection Act of 2025?
The bill targets taxpayers who own more than 75 single-family residences by imposing a new excise tax if they fail to sell excess homes under the American Neighborhoods Protection Act of 2025 (Section 2).
How many single-family houses can an investor own before the new tax applies?
According to H.R. 3745 Section 2, the threshold is more than 75 single-family residences. Ownership above that level can trigger the new excise-tax rules for failing to sell excess homes.
When would the 75-home tax rule take effect?
Under the American Neighborhoods Protection Act of 2025 (Section 2), the excise tax applies to taxable years beginning after December 31, 2025.
Does H.R. 3745 create a federal Housing Trust Fund?
Yes. Under the American Neighborhoods Protection Act of 2025 (Section 3), the bill creates a Housing Trust Fund in the U.S. Treasury.
What would the tax money from excess single-family homes be used for?
According to H.R. 3745 Section 3, revenues equivalent to the excise tax are directed to the Housing Trust Fund for down payment assistance grants, subject to appropriations.
Can first-time homebuyers get down payment assistance under the American Neighborhoods Protection Act of 2025?
The bill provides for down payment assistance to families purchasing homes through state housing finance agency programs under the American Neighborhoods Protection Act of 2025 (Section 3).
Which agency would run the down payment assistance program in H.R. 3745?
Under the American Neighborhoods Protection Act of 2025 (Section 3), the Secretary of Housing and Urban Development must establish the grant program.
Which organizations would receive housing grants under H.R. 3745?
According to H.R. 3745 Section 3, the grants would go to state housing finance agencies to create or supplement down payment assistance programs.
Does the bill give priority to buyers of homes sold by large single-family landlords?
Yes. Under the American Neighborhoods Protection Act of 2025 (Section 3), state agencies must prioritize families buying single-family homes sold or transferred by a covered taxpayer.
Based on H.R. 3745 bill text
HR3745 Legislative Journey
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)
All 4 cosponsors are Democrats. Cosponsors represent 4 states: Arizona, Louisiana, Mississippi, and 1 more.
What laws does H.R. 3745 change?
1 changes
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
- Chamber
- House
- Policy
- Taxation
- Introduced
- Jun 5, 2025
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
Jun 5, 2025
Constituent Resources
Official Sources
Official bill page with full text, actions timeline, cosponsors, and committee referral status for the American Neighborhoods Protection Act of 2025.
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.
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.
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.
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 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.
Machine-readable bill status data from the Government Publishing Office, tracking all legislative actions from introduction through committee referral.
H.R. 3745 Bill Text
“To prohibit individuals and entities from owning more than 75 single-family residences, and for other purposes.”
Source: U.S. Government Publishing Office
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