Iowa 2025-2026 Regular Session

Iowa House Bill HF745

Introduced
3/5/25  

Caption

A bill for an act concerning city regulation of single-family residential property.

Impact

The implications of HF745 are significant for local housing markets. If enacted, it would provide municipalities with the authority to restrict corporate investment in residential properties, which proponents argue could help stabilize communities and keep single-family homes accessible to individual buyers. This move is viewed as a response to concerns about larger entities acquiring significant portions of the housing stock, which can drive up prices and limit availability for average homebuyers. However, the bill's expiration clause introduces a temporary nature to the regulation, necessitating reevaluation of its effects in the years to come.

Summary

House File 745 seeks to empower cities in Iowa to regulate the ownership of single-family residential properties by prohibiting certain corporate entities from purchasing such properties. Specifically, the bill aims to ban the acquisition of single-family homes by corporations or other business entities utilizing private equity funds, hedge funds, or real estate funds. This prohibition is set to extend from July 1, 2025, to June 30, 2030, which means that by mid-2030, the rule would automatically expire unless further legislative action is taken to extend it.

Contention

The approach taken by HF745 has generated debate among lawmakers and stakeholders in the housing sector. Supporters argue that it addresses urgent concerns regarding housing affordability and local community welfare, as the dominance of corporate entities in the housing market could overshadow the needs of residents. On the other hand, critics may view the bill as a restrictive measure that could dissuade investment in the housing sector at a time when global capital is essential for new construction and development. The balancing of these interests will be crucial in the discussions leading to potential amendments and in the eventual implementation of the bill.

Companion Bills

No companion bills found.

Previously Filed As

IA SF550

A bill for an act relating to state and local revenue and finances by modifying sales and use taxes, the charitable conservation contribution tax credit available against individual and corporate income taxes, the water service tax, property taxes, transit funding, and local option taxes, crediting moneys to the natural resources and outdoor recreation trust fund, modifying allocations of road use tax fund moneys, making appropriations, and including effective date, retroactive applicability, and applicability provisions.(Formerly SSB 1125.)

IA SF569

A bill for an act relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver's licenses and nonoperator's identification cards, modifying provisions relating to certain writing fees, making penalties applicable, and including effective date, retroactive applicability, and applicability provisions. (Formerly SSB 1218.)

IA SSB1218

A bill for an act relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver's licenses and nonoperator's identification cards, modifying provisions relating to certain writing fees, making penalties applicable, and including effective date, retroactive applicability, and applicability provisions.(See SF 569.)

IA SSB1125

A bill for an act relating to state and local revenue and finances by modifying sales and use taxes, the charitable conservation contribution tax credit available against individual and corporate income taxes, the water service tax, property taxes, transit funding, and local option taxes, crediting moneys to the natural resources and outdoor recreation trust fund, making appropriations, and including effective date, retroactive applicability, and applicability provisions.(See SF 550.)

IA SF356

A bill for an act relating to local government property taxes, financial authority, operations, and budgets, and including effective date and applicability provisions.(Formerly SSB 1124.)

IA SF423

A bill for an act relating to property law, including rental properties, manufactured home communities, mobile home parks, and actions relating to such properties, making penalties applicable, and including effective date and applicability provisions.

IA HF296

A bill for an act relating to the regulation of short-term rental properties by counties and cities.

IA SF2123

A bill for an act relating to the regulation of short-term rental properties by counties and cities.

IA SF347

A bill for an act relating to the regulation of short-term rental properties by counties and cities.

IA SF390

A bill for an act relating to entities supported in whole or in part by public moneys, including the sale of public bonds, the duties and responsibilities of the directors and officers of school boards, school districts, the department of education, the department of health and human services, accredited nonpublic schools, charter schools, community colleges, institutions under the control of the state board of regents, area education agencies, election commissioners and children's residential facilities, and the membership and voting units of county and city conference boards.(Formerly SSB 1111.)

Similar Bills

No similar bills found.