Pennsylvania HB2781 limits the purchase of single-family residences by certain entities to ensure affordable housing for residents.

HB2781, known as the Single-Family Residence Access Act, restricts the purchase of single-family residences by covered entities, which include for-profit entities and institutional real estate investors. The bill aims to prevent these entities from driving up housing costs and ensure affordable housing opportunities for Pennsylvania residents. It mandates covered entities to disclose their status before purchasing a home and requires the Pennsylvania State Real Estate Commission to create a disclosure form. The Office of the Attorney General can prosecute non-compliant entities.

Pennsylvania HB2781 limits the purchase of single-family residences by certain entities to ensure affordable housing for residents.

HB2781, known as the Single-Family Residence Access Act, restricts the purchase of single-family residences by covered entities, which include for-profit entities and institutional real estate investors. The bill aims to prevent these entities from driving up housing costs and ensure affordable housing opportunities for Pennsylvania residents. It mandates covered entities to disclose their status before purchasing a home and requires the Pennsylvania State Real Estate Commission to create a disclosure form. The Office of the Attorney General can prosecute non-compliant entities.