Safeguarding MD’s Housing Supply Against Hedge Funds, Wall Street-Backed Firms
On March 5, Director of Intergovernmental Affairs Dominic Butchko submitted written testimony to the Ways and Means Committee in support of HB 1188 - Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026). This bill seeks to establish commonsense guardrails on large hedge funds and other Wall Street-backed firms from purchasing a disproportionate amount of any county’s housing supply. As Maryland continues to grapple with housing affordability…