Minnesota HF2687 restricts corporate ownership of single-family homes, increases deed tax rates for corporate owners, and dedicates revenues for.

Minnesota HF2687 restricts corporate entities from owning single-family homes, except for certain government units, land trusts, and nonprofits focused on affordable housing. It increases deed tax rates for corporate owners of single-family homes and dedicates the state portion of these revenues to the workforce and affordable homeownership program. The bill also mandates the creation of a statewide landlord database, requiring landlords to submit detailed ownership and rental information.

Minnesota HF2687 restricts corporate ownership of single-family homes, increases deed tax rates for corporate owners, and dedicates revenues for.

Minnesota HF2687 restricts corporate entities from owning single-family homes, except for certain government units, land trusts, and nonprofits focused on affordable housing. It increases deed tax rates for corporate owners of single-family homes and dedicates the state portion of these revenues to the workforce and affordable homeownership program. The bill also mandates the creation of a statewide landlord database, requiring landlords to submit detailed ownership and rental information.