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Panel considers HB 305 to cap institutional purchases of single‑family homes
Summary
House Bill 305 would limit corporate or investment trust purchases of single‑family homes to 25 properties or $6 million in net assets per county; academics and community groups urged limits, while realtors and builders raised concerns about unintended effects on financing and supply.
Representative Alalier presented House Bill 305 proposing a cap on the number of single‑family homes that a corporation or real‑estate investment trust may purchase in a single county: 25 homes or a total net asset threshold roughly described as $6,000,000. The sponsor said the goal is to prevent large institutional investors from buying entire neighborhoods and crowding out prospective…
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