03/10/2026
The Homes Not Hedge Funds Act is an important step toward protecting neighborhoods and expanding homeownership opportunities for working families. The legislation places limits on how many single-family homes large corporate investors can own in Tennessee’s most populated counties, helping prevent investors from buying up large portions of neighborhood housing.
For years, corporate investment firms have outbid local families, driving up housing prices and turning potential homeownership opportunities into rental portfolios. When this happens, families lose opportunities to build generational wealth and neighborhoods lose long-term stability.
At Neighbor 2 Neighbor, this issue connects directly to our first pillar, Neighborhood Wealth & Economic Empowerment, which focuses on building local economic power through homeownership, entrepreneurship, and community ownership. Homes are one of the primary ways families build stability and wealth across generations.
Strong neighborhoods grow when residents can live, invest, and put down roots in the communities they know, love, and call home. Policies like this help ensure that housing strengthens families and neighborhoods rather than serving only as a vehicle for speculation.
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!
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