Limits large business and investment entities from owning multiple single-family homes.

The bill restricts business and investment entities from owning more than 25 single-family residential properties and prohibits investment entities from owning any such properties. It aims to preserve homeownership options by limiting excessive home buying by certain entities. The bill also imposes civil penalties for violations and requires the Department of Commerce to report on recommendations to disincentivize such practices. The intent is to ensure affordable housing supply is available for residents and families.

Limits large business and investment entities from owning multiple single-family homes.

The bill restricts business and investment entities from owning more than 25 single-family residential properties and prohibits investment entities from owning any such properties. It aims to preserve homeownership options by limiting excessive home buying by certain entities. The bill also imposes civil penalties for violations and requires the Department of Commerce to report on recommendations to disincentivize such practices. The intent is to ensure affordable housing supply is available for residents and families.