Arizona HB2325 regulates institutional investors' ownership of single-family homes, limiting purchases and bulk acquisitions.
Arizona HB2325, known as the "Own Something and Be Happy Act," imposes restrictions on institutional investors' ownership of single-family homes. Institutional investors are limited to owning no more than fifty single-family homes in Arizona and are prohibited from making bulk purchases or submitting bids within the first sixty days of a home being listed for sale. The Arizona Department of Housing enforces these regulations, with the attorney general, county attorney, or city or town attorney having the authority to investigate and take action against violations.
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- Legal Framework
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