Texas HB2910 limits corporate ownership of single-family homes for rental and imposes civil penalties.

Texas HB2910 restricts corporate ownership of single-family homes for rental purposes, prohibiting corporate owners from holding more than 10 such homes at any time. It also bans corporate owners from entering contracts to purchase homes if they already own or hold more than 10 homes. The bill defines "corporate owner" broadly to include various entities. Exemptions apply to state agencies, nonprofits, and group home operators. The bill mandates the Texas Real Estate Research Center to compile data on corporate ownership and rental of single-family homes, creating a statewide database.

Texas HB2910 limits corporate ownership of single-family homes for rental and imposes civil penalties.

Texas HB2910 restricts corporate ownership of single-family homes for rental purposes, prohibiting corporate owners from holding more than 10 such homes at any time. It also bans corporate owners from entering contracts to purchase homes if they already own or hold more than 10 homes. The bill defines "corporate owner" broadly to include various entities. Exemptions apply to state agencies, nonprofits, and group home operators. The bill mandates the Texas Real Estate Research Center to compile data on corporate ownership and rental of single-family homes, creating a statewide database.