Stop Predatory Investing Act

This bill targets people or companies that own 50 or more small rental homes (properties with four or fewer units). It would stop those large-scale owners from claiming certain tax breaks — specifically, deductions for interest payments and depreciation — on those rental properties. However, these owners could still claim those tax breaks on properties connected to low-income housing tax credits or on certain newly built rental homes. The bill also lets these large-scale owners claim the tax breaks in the year they sell a property, but only if they sell it to specific types of buyers, such as someone who will live in the home, a nonprofit focused on affordable housing, a community land trust, or a public housing agency.

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