Minnesota SF3173 restricts corporate ownership of single-family homes, imposes higher deed taxes on corporate transfers, and creates a statewide.

Minnesota SF3173 restricts corporate ownership of single-family homes to entities like government units, land trusts, and housing developers. It imposes a higher deed tax on corporate transfers of single-family homes, with proceeds dedicated to the workforce and affordable homeownership program. The bill also mandates the creation of a statewide landlord database, requiring landlords to submit owner and property information. Tenants can report landlords or properties not found in the database, and the commissioner can enforce compliance with penalties.

Minnesota SF3173 restricts corporate ownership of single-family homes, imposes higher deed taxes on corporate transfers, and creates a statewide.

Minnesota SF3173 restricts corporate ownership of single-family homes to entities like government units, land trusts, and housing developers. It imposes a higher deed tax on corporate transfers of single-family homes, with proceeds dedicated to the workforce and affordable homeownership program. The bill also mandates the creation of a statewide landlord database, requiring landlords to submit owner and property information. Tenants can report landlords or properties not found in the database, and the commissioner can enforce compliance with penalties.