Texas HB3967 prohibits out-of-state entities from purchasing single-family homesteads, except for nonprofits providing affordable housing.

Texas HB3967 amends the Property Code to prohibit certain out-of-state entities from purchasing or acquiring single-family homesteads. Specifically, companies, businesses, corporations, hedge funds, or institutional investors headquartered outside the state are barred from such acquisitions. This prohibition extends to entities directly or indirectly held or controlled outside the state, or those owned by entities with majority stock or ownership interest held or controlled outside the state, unless they already own a homestead within Texas.

Texas HB3967 prohibits out-of-state entities from purchasing single-family homesteads, except for nonprofits providing affordable housing.

Texas HB3967 amends the Property Code to prohibit certain out-of-state entities from purchasing or acquiring single-family homesteads. Specifically, companies, businesses, corporations, hedge funds, or institutional investors headquartered outside the state are barred from such acquisitions. This prohibition extends to entities directly or indirectly held or controlled outside the state, or those owned by entities with majority stock or ownership interest held or controlled outside the state, unless they already own a homestead within Texas.