Use revenue from taxes on large single-family-home investors to raise about $51 billion over ten years for the Housing Trust Fund and Capital Magnet Fund.

The Affordable Housing and Homeownership Protection Act would raise $51 billion over a decade by taxing investors that purchase large numbers of single-family homes, with revenue split between the Housing Trust Fund (HTF) and Capital Magnet Fund (CMF).

The bill Smith co-led would raise $51 billion over ten years from investor taxes and direct the money to HTF and CMF.

[2026-02-11] Reed & Smith Lead Effort to Pass the Affordable Housing...
primary · other · model gpt-5.5

House and Senate leaders reached a bipartisan agreement on the 21st Century Road to Housing Act. The final version removes the Senate's seven-year sell requirement for newly built rental homes and was still expected to pass both chambers the following week.

Related housing legislation advanced, but the deal shows the investor-related provision was watered down and the bill was still not enacted.

unresolved same_term A for effort

House and Senate Leaders Reach Deal on Housing Bill
secondary · model gpt-5.4-mini · confidence 76%

Congress said it had reached a deal on a major housing bill, with final Senate approval still expected later that week and a House vote to follow. The package includes a ban on large institutional investors buying single-family homes, but it was not yet signed into law.

The related housing package was still moving through Congress as of June 16, 2026, so the specific revenue pledge had not been delivered.

unresolved same_term A for effort

Congress Reaches Deal on Housing Bill
secondary · model gpt-5.4-mini · confidence 74%

H.R. 6644 (ENR) - 21st Century ROAD to Housing Act; Last Action Date Listed June 25, 2026.

The final enrolled housing package in Congress was H.R. 6644, a broad housing-supply bill dated June 25, 2026. This shows the relevant legislative vehicle advanced in Tina Smith's term, but it was not the promised investor-tax funding measure for the Housing Trust Fund and Capital Magnet Fund.

never same_term A for effort

GovInfo: H.R. 6644 (ENR) - 21st Century ROAD to Housing Act
secondary · model gpt-5.4-mini · confidence 96%

No additional funds are authorized to be appropriated to carry out the requirements of this Act or any amendment made by this Act.

The enacted text explicitly says no additional funds are authorized, which is inconsistent with a promise to raise about $51 billion over ten years for the Housing Trust Fund and Capital Magnet Fund.

never same_term

GovInfo bill text: H.R. 6644 (ENR)
secondary · model gpt-5.4-mini · confidence 98%

No matching text found for "Capital Magnet Fund" in the enacted bill text.

The final enrolled bill text contains no Capital Magnet Fund provision, and the related search also does not surface the promised Housing Trust Fund revenue mechanism. That is strong evidence the specific funding pledge was not enacted.

never same_term

GovInfo bill text: H.R. 6644 (ENR)
secondary · model gpt-5.4-mini · confidence 95%