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
Key claim: Senate Bill 1125 would amend the Business Corporation Act to limit how much residential rental property certain businesses may own, and is tie-barred with SB 1127.
Abstract
(SB1125 · 103rd Legislature) 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 Sponsor: Sen. Mary Cavanagh (D) In committee: S Housing And Human Services Latest action (2026-07-29): Referred To Committee On Housing And Human Services
Why this matters
SB 1125 would use the Business Corporation Act to cap how much residential rental housing certain business entities may own, directly affecting large corporate landlords, tenants competing with institutional owners, and small-scale investors. Combined with its tie-bar SB 1127, it signals a Michigan push to shape housing markets through corporate-law limits rather than only zoning or tax tools. The change would matter to workers and taxpayers by potentially shifting rental supply, ownership concentration, and local housing costs.