A bill to prohibit certain investors from acquiring or purchasing certain residential property; to require the registration of certain investors; to provide for the powers and duties of certain state officers and entities; and to prescribe certain penalties, civil sanctions, and remedies.
Restricts out-of-state investors from owning more than ten single-family residences in Michigan, imposes registration and reporting requirements, and enforces significant penalties for violations to promote local homeownership and housing accessibility.
Introduced
by
Referred to the Committee on Housing and Human Services
