Residential Property Purchase Prohibition for Certain Businesses

Current understanding

To be populated as evidence accumulates.

Evidence log

• 2026-08-11 — Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).: HB 6243 introduced to amend secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 125.857), modifying the newly-enacted ban on residential property purchases by certain businesses; direction of change not specified at introduction. (novelty: 2)
• 2026-04-30 — Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929’26: HB 5928 introduced, proposing a new act prohibiting certain businesses from purchasing residential property; tie-barred with HB 5929’26. (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: Both target concentration of residential home ownership by businesses/investors; SB 971 regulates investor purchases while the prohibition act bans certain business purchases outright. (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: Both target corporate/business ownership of residential housing — one caps ongoing rental ownership, the other bars purchase; likely companion policies in the same session. (novelty: 3)
• 2026-07-29 — Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.: HB6074 enacted as PA 32 of 2026, creating a new act prohibiting certain businesses from purchasing residential property in Michigan. (novelty: 3)

Open questions

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