Corporate Purchase of Single-Family Homes: Addressing Disparities in Minnesota

TLDRThis bill aims to address the increasing trend of corporations purchasing single-family homes in Minnesota, which has led to disparities in homeownership opportunities. Large investors currently own 54% of single-family rentals in the Twin Cities area. The bill seeks to level the playing field by limiting the ability of corporations to purchase single-family homes and instead prioritize homeownership for individuals and families. The goal is to create more housing choices and opportunities for all Minnesotans and narrow the existing gaps in homeownership rates.