Limits large entities from buying single-family homes to preserve homeownership options.

Washington HB1732 aims to address the housing crisis by restricting large investment and business entities from purchasing single-family residential properties. The bill prohibits business entities with more than 25 such properties from acquiring additional homes and bans investment entities from buying any. Exemptions include nonprofit entities, those making necessary modifications, and those increasing residential units. The bill also mandates civil penalties for violations and requires a report on disincentivizing the state's existing housing stock.

Limits large entities from buying single-family homes to preserve homeownership options.

Washington HB1732 aims to address the housing crisis by restricting large investment and business entities from purchasing single-family residential properties. The bill prohibits business entities with more than 25 such properties from acquiring additional homes and bans investment entities from buying any. Exemptions include nonprofit entities, those making necessary modifications, and those increasing residential units. The bill also mandates civil penalties for violations and requires a report on disincentivizing the state's existing housing stock.