Business Purchase of Residential Property Prohibition

Current understanding

Michigan HB6074 (103rd Legislature) would create a new act prohibiting certain businesses from purchasing residential property in Michigan. The bill has passed chamber. Specific business categories covered, exemptions, enforcement mechanism, and effective date are to be detailed as the bill text is reviewed.

Evidence log

• 2026-04-30 — Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929’26: cross-connection with residential-property-business-purchase-prohibition: Both pages track legislation prohibiting certain businesses from purchasing residential property; HB 5928 appears to be another vehicle in the same policy space and may warrant page consolidation. (novelty: 3)
• 2026-05-14 — Property: land sales; purchase of certain residential homes by investors; regulate. Creates new act.: cross-connection with investor-residential-home-purchase-regulation: Parallel legislative approaches to investor/business acquisition of single-family housing stock. (novelty: 3)
• 2026-07-29 — Housing: residential; limitations on rental property owned by certain businesses; provide for. Amends title of 1972 PA 284 (MCL 450.1101 - 450.2098) & adds sec. 262. TIE BAR WITH: SB 1127’26: cross-connection with rental-property-business-ownership-limits: Parallel effort restricting business acquisition of residential property; SB 1125’s ownership cap complements a purchase ban. (novelty: 3)
• 2026-07-29 — Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.: cross-connection with residential-property-business-purchase-prohibition: These two slugs appear to describe the same policy (business purchase of residential property prohibition) and may need to be merged. (novelty: 3)
• 2026-06-16 — Housing: landlord and tenants; purchase of rental property by tenants; provide for. Creates new act.: cross-connection with tenant-right-to-purchase-rental: Both restrict who can acquire residential rental property — one by prohibiting business buyers, the other by giving tenants a purchase right. (novelty: 3)
• 2026-07-03 — Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.: cross-connection with housing-opportunity-tax-credit: Both address Michigan’s residential housing supply/affordability from different angles — one restricts business-owner acquisition of homes while the other subsidizes housing production via tax credits. (novelty: 3)

Open questions

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