Michigan SB1125 limits the number of single-family homes a private equity firm can lease in a municipality or state.

Michigan SB1125 amends the state's housing laws to restrict private equity firms from leasing more than five single-family homes in a single municipality or ten across the state. A private equity firm is defined as a corporation that raises capital, acquires ownership interests in businesses or real estate, and generates profit through investments. Violators face a civil fine of up to $100,000. The collected fines are deposited into the community housing stability fund.

Michigan SB1125 limits the number of single-family homes a private equity firm can lease in a municipality or state.

Michigan SB1125 amends the state's housing laws to restrict private equity firms from leasing more than five single-family homes in a single municipality or ten across the state. A private equity firm is defined as a corporation that raises capital, acquires ownership interests in businesses or real estate, and generates profit through investments. Violators face a civil fine of up to $100,000. The collected fines are deposited into the community housing stability fund.