H. R. 1745, also known as the “Humans over Private Equity for Homeownership Act” or the "HOPE for Homeownership Act," aims to discourage certain hedge funds from excessively owning single-family homes. It imposes an excise tax on hedge funds that don't sell off excess homes...
Simple Explanation
The "HOPE for Homeownership Act" wants to stop hedge funds from owning too many houses by charging them extra money if they don't start selling some, making it easier for regular people to buy homes.