Iowa HF745 allows cities to prohibit corporations or business entities from purchasing single-family residential properties using private equity.
Iowa HF745 amends Section 414.1, Code 2025, to empower cities to regulate the use of buildings for single-family residential purposes. Specifically, it allows cities to prohibit the purchase of single-family residential property by corporations or other business entities utilizing private equity funds, hedge funds, or real estate funds for a period from July 1, 2025, to June 30, 2030. This provision aims to promote the general welfare of the community.
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