Missouri HB3167 prohibits institutional investors from purchasing residential properties and empowers the attorney general to enforce this.
Missouri HB3167 prohibits institutional investors from purchasing residential properties, including single-family homes, duplexes, and quadplexes, as well as parcels zoned for residential use with up to four units. The bill defines institutional investors as entities like hedge funds, private equity firms, and real estate investment trusts. Exceptions apply to nonprofit affordable housing providers, public housing authorities, small businesses, and financial institutions holding foreclosed properties for resale.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.