single-family homes; institutional investors

Summary

The bill caps institutional investors at 50 single‑family homes, bars them from bidding on a home within 60 days of its public listing, and prohibits bulk purchases. It requires yearly confidential reports to the Arizona Department of Housing and gives the attorney general and local prosecutors enforcement authority. Exemptions apply to nonprofits, government housing agencies, community land trusts, homebuilders, small pension funds and owners of fewer than 50 homes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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