Idaho H0947 prohibits institutional investors from purchasing single-family homes, effective July 1, 2026.

Idaho H0947 amends existing law to prohibit institutional investors from purchasing single-family homes in Idaho, effective July 1, 2026. The bill defines "institutional investor" as any corporation, limited liability company, limited partnership, partnership, or other corporate structure with more than one member. Exemptions include home builders, natural persons, marital communities, family trusts or estates, nonprofits, community land trusts, tribal housing, and foreclosure or deed-in-lieu acquisitions by lenders or servicers with a mandatory disposition window.

Idaho H0947 prohibits institutional investors from purchasing single-family homes, effective July 1, 2026.

Idaho H0947 amends existing law to prohibit institutional investors from purchasing single-family homes in Idaho, effective July 1, 2026. The bill defines "institutional investor" as any corporation, limited liability company, limited partnership, partnership, or other corporate structure with more than one member. Exemptions include home builders, natural persons, marital communities, family trusts or estates, nonprofits, community land trusts, tribal housing, and foreclosure or deed-in-lieu acquisitions by lenders or servicers with a mandatory disposition window.