03/10/2026
Great news! My Homes Not Hedge Funds Act passed overwhelmingly in the Senate last night.
If you've ever tried to purchase a home but kept getting outbid by a corporate investor, this bill, sponsored by Rep. Aftyn Behn and myself, brings some fairness and opportunity for first-time homebuyers.
Buying and owning a home has long been considered the pinnacle for families to invest and build lifetime wealth. But homeownership has been increasingly out of reach for too many Tennesseans, especially first-time homebuyers and young college graduates.
At the same time, a growing share of single-family homes, often concentrated in metropolitan communities, have been hoarded by large Wall Street investors, crowding out families seeking to buy homes. Hardworking young families cannot effectively compete for starter homes with Wall Street firms and their vast resources. Neighborhoods and communities once controlled by middle-class Tennessee families are now run by out-of-state corporate interests. People live in homes, not corporations.
The Homes Not Hedge Funds Act is a bipartisan step to stop Wall Street from treating Tennessee’s neighborhoods like a trading floor and empower working families to own their homes.
To preserve the supply of single-family homes for Tennessee’s families and increase the paths to homeownership and make housing more affordable, the Homes Not Hedge Funds Act limits large corporate investors from continuing to buy up single-family homes in Tennessee’s most populous counties making it unlawful for a person or business entity to own more than 100 single-family rental homes in qualifying counties, except for the purposes of building affordable housing.
The bill is making its way through the House. Here's how you can help:
Call or email the House Cities & Counties Subcommittee members by Wed 3/18 to let them know you support Homes Not Hedge Funds!
💜❤️💛