Prohibits an institutional investor to purchase any covered residential property and gives the attorney general enforcement authority

Summary

The bill would stop institutional investors—such as hedge funds, private‑equity firms, REITs, and large asset managers—from purchasing single‑family homes, duplexes, triplexes, quadplexes, or similar residential parcels after August 28 2026. It creates a state registry, allows the attorney general to sue violators, and sets penalties up to $50,000 per property. Exemptions include nonprofit affordable‑housing groups, public housing authorities, small local owners, and banks handling foreclosed homes.

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