"Protection of Homeownership and Limiting Institutional Investor Acquisition Act"; imposes limitations and establishes certain incentives and disincentives concerning acquisition of single-family residences.
Introduced First Reading Assembly Referred to AHO
Summary
The bill would restrict how institutional investors can purchase single‑family residences and create tax incentives and disincentives to steer those purchases. It also proposes down‑payment help and tax deductions for individual homebuyers and streamlines rules to speed the building of starter homes. The goal is to protect homeownership opportunities for low‑ and moderate‑income families.
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