Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929’26
Key claim: HB 5928 would create a new Michigan act prohibiting certain businesses from purchasing residential property, tie-barred with HB 5929.
Abstract
(HB5928 · 103rd Legislature) Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929’26 Sponsor: Rep. Alabas Farhat (D) + 6 co-sponsors In committee: H Regulatory Reform Latest action (2026-05-12): Bill Electronically Reproduced 04/30/2026
Why this matters
HB 5928 would create a new Michigan act barring certain businesses from acquiring residential property, a direct intervention in who can compete for housing stock. For workers and taxpayers, the framing is that reducing institutional/business purchases could shift more homes toward owner-occupants; for affected businesses, it restricts a category of real estate investment. Its tie-bar to HB 5929 means neither takes effect without the other, signaling a coordinated housing-market package.