Hawaii HB2351 aims to restrict corporate ownership of single-family homes to preserve homeownership opportunities and neighborhood stability.

Hawaii HB2351, known as the Hawaii Homes for Hawaii Families Act, seeks to address the housing crisis by limiting the number of single-family homes that can be owned by corporate entities for rental purposes. The bill prohibits corporate owners from renting homes if they own five or more single-family properties. Exemptions apply to government entities, charitable organizations, and certain housing developers. Non-compliant owners face escalating civil penalties.

Hawaii HB2351 aims to restrict corporate ownership of single-family homes to preserve homeownership opportunities and neighborhood stability.

Hawaii HB2351, known as the Hawaii Homes for Hawaii Families Act, seeks to address the housing crisis by limiting the number of single-family homes that can be owned by corporate entities for rental purposes. The bill prohibits corporate owners from renting homes if they own five or more single-family properties. Exemptions apply to government entities, charitable organizations, and certain housing developers. Non-compliant owners face escalating civil penalties.