A large institutional investor may not buy a single-family home
What the document says“No large institutional investor may purchase, or enter into a contract to directly or indirectly purchase, any single-family home.”
The section bars a large institutional investor from buying, or contracting to buy directly or indirectly, any single-family home. The bar does not reach an excepted purchase or a purchase in connection with restructuring or reorganizing ownership of homes owned or bought on or before enactment.
What the document actually says“No large institutional investor may purchase, or enter into a contract to directly or indirectly purchase, any single-family home.”
A large investor may not buy a single-family home. It may not sign a deal to buy one either. That holds whether it buys straight out or through another body.
The bar has carve-outs set out elsewhere in the section. Homes already owned are not touched. Reorganizing ownership of those homes is allowed.
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