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).
Key claim: The House has passed a bill that would change Michigan’s existing ban on certain businesses buying residential property, and the bill is now in the Senate Regulatory Affairs Committee.
Abstract
(HB6243 · 103rd Legislature) 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). Sponsor: Rep. Bryan Posthumus ® In committee: S Regulatory Affairs Latest vote: House Third Reading: Given Immediate Effect Roll Call #356 — 83-15 (passed, 2026-08-26) Latest action (2026-09-09): Referred To Committee On Regulatory Affairs
Why this matters
Michigan’s 2026 PA 32 recently barred certain businesses from buying residential property, and lawmakers are already revisiting the scope of that ban. Any modification could shift how much of the state’s housing stock is available to institutional buyers versus individual homebuyers, affecting both housing supply and investor activity.