Property: land sales; purchase of certain residential homes by investors; regulate. Creates new act.
Key claim: Senate Bill 971 would create a new Michigan act regulating the purchase of certain residential homes by investors.
Abstract
(SB0971 · 103rd Legislature) Property: land sales; purchase of certain residential homes by investors; regulate. Creates new act. Sponsor: Sen. Veronica Klinefelt (D) + 1 co-sponsor Latest action (2026-05-20): Senate Co-sponsor(s) Named: Mallory Mcmorrow
Why this matters
Investor concentration in single-family housing has been linked to rising rents and reduced first-time buyer access in Michigan markets. SB 971 signals legislative interest in directly regulating (rather than only taxing or zoning) large-scale investor acquisition of residential homes, which would reshape the operating environment for institutional landlords, iBuyers, and small-scale investors alike.