North Carolina S432 prohibits entities from buying single-family homes for rental purposes in qualifying counties.

North Carolina S432 aims to prevent housing market manipulation by prohibiting entities from purchasing single-family homes for rental use in counties with populations over 150,000. The bill allows aggrieved parties to seek civil penalties of up to $100 per day per home, along with other remedies. It defines key terms such as "affiliate," "individual," "person," "qualifying county," and "single-family home." The act seeks to balance property investment with the benefits of widespread home ownership.

North Carolina S432 prohibits entities from buying single-family homes for rental purposes in qualifying counties.

North Carolina S432 aims to prevent housing market manipulation by prohibiting entities from purchasing single-family homes for rental use in counties with populations over 150,000. The bill allows aggrieved parties to seek civil penalties of up to $100 per day per home, along with other remedies. It defines key terms such as "affiliate," "individual," "person," "qualifying county," and "single-family home." The act seeks to balance property investment with the benefits of widespread home ownership.