"Protection of Homeownership and Limiting Institutional Investor Acquisition Act"; imposes limitations and establishes certain incentives and disincentives concerning acquisition of single-family residences.
Promotes housing availability and prevents speculation by imposing fee for institutional ownership of certain unproductive residential property.
Single Family Homes Ownership Amendments
Relative to prohibiting corporations from purchasing single-family homes for a certain amount of time.
Prohibiting hedge funds from acquiring single-family homes in this state. (FE)
Prohibiting hedge funds from acquiring single-family homes in this state. (FE)
Institutional investors: housing.
Single-family homes conversion to rental property units prohibition
Transfer of real property: single-family homes, townhomes, and condominiums.
Imposes annual State tax on investment ownership of single family residences in this State by certain entities for purposes other than single family ownership, providing revenue for down payment assistance for family ownership.