A bill to amend 2026 PA 32, entitled “An act to prohibit certain companies from acquiring or purchasing certain residential property; to provide for the powers and duties of certain state officers and entities; and to prescribe certain penalties, civil sanctions, and remedies,” by amending sections 3 and 7 (MCL 125.853 and 125.857).
Amends Michigan law to further restrict large institutional investors from acquiring and holding single-family homes, while expanding exceptions for certain programs and transactions that support homeownership and affordable housing.
Introduced
by
Referred to the Committee on Regulatory Reform
Discharged from committee
Substitute H-1 offered
by
The substitute passed by voice vote
Passed in the House 83 to 15 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Regulatory Affairs
