HB 5928·MI·house
Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929'26
In CommitteeFiled Apr 30, 2026
Sponsor: Alabas Farhat
Latest Action
bill electronically reproduced 04/30/2026
May 12, 2026
Summary
The bill bans hedge funds—large investment firms with $50 million or more in assets—from acquiring any single‑family home in the state. Existing hedge‑fund ownership is allowed to continue, but any new purchase would be forfeited. The measure only becomes law if a companion bill (SB ____ or HB 5929) is also enacted.
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