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Committee advances bill restricting institutional purchases of single-family homes with amendments
Senate Community and Urban Affairs Committee · February 5, 2026
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Summary
Lawmakers amended and released S3097 to limit institutional investor purchases of single-family homes and to add condos/co-ops to the definition; builders and realtors voiced concerns about supply and thresholds during testimony.
The Senate Community and Urban Affairs Committee on Thursday advanced S3097, the "Protection of Homeownership and Limiting Institutional Investor Acquisition Act," after adopting committee amendments.
Staff explained amendments that reduce a moratorium window for certain investors from 90 days to 45 days and expand the bill's definition of…
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