HB 3191 prohibits institutional investors from purchasing single-family residential real estate in Missouri after January 1, 2027.
HB 3191 restricts covered institutional investors, including hedge funds, private equity funds, and real estate investment trusts, from acquiring single-family residential real estate in Missouri starting January 1, 2027. Existing owners must cease expanding their portfolios. The Department of Revenue can impose annual penalties on these investors, with amounts varying based on the number of properties owned. Exemptions include nonprofit housing organizations, entities constructing properties for owner-occupants, and transfers due to inheritance or foreclosure.
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