1. Short title This Act may be cited as the Stop Predatory Investing Act . 2. Disallowance of interest deduction for disqualified single family property owners (a) In general Section 163 of the Internal Revenue Code of 1986 is amended by redesignating subsection (n) as subsection (o) and by inserting after subsection (m) the following new subsection: (n) Interest paid by certain disqualified single family property owners (1) In general In the case of a disqualified single family property owner, no deduction shall be allowed under this chapter for any interest paid or accrued in connection with any single family residential rental property owned (directly or indirectly) by such disqualified single family property owner. (2) Exception (A) In general Paragraph (1) shall not apply with respect to interest paid or accrued in the taxable year in which such single family residential rental property is sold. (B) Exception Subparagraph (A) shall not apply unless the sale described in such subparagraph is— (i) a sale to an individual for use as the principle residence of the individual (within the meaning of section 121), or (ii) a sale to any qualified nonprofit organization. (C) Qualified nonprofit organization (i) In general For purposes of this paragraph, the term qualified nonprofit organization means any organization which— (I) is not organized for profit, and (II) has as a principal purpose the creation, development, or preservation of affordable housing. (ii) Certain organizations included The term qualified nonprofit organization shall include— (I) any community development corporation (as defined in section 204(b) of the Department of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 (12 U.S.C. 1715z–11a(b)), (II) any community housing development organization (as defined in section 104 of the Cranston-Gonzales National Affordable Housing Act ( 42 U.S.C. 12704 ), (III) any community-based development organization qualified under section 570.204 of title 24,