NY Governor Hochul proposes law to curb hedge funds buying homes, aims to aid individual buyers.

New York Governor Kathy Hochul plans to propose legislation to restrict hedge funds from acquiring large numbers of single-family homes by requiring a 75-day waiting period before they can bid and limiting tax benefits. This move aims to address concerns that institutional investors are reducing the housing supply for individual buyers. Hochul's proposals also include incentives for starter homes and assistance for first-time homebuyers.

January 09, 2025
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