CA AB2282

Establishes the Task Force on Institutional Investors within the Bureau of Real Estate under the Real Estate Commissioner to examine impacts of large-scale buy-to-rent investors on California's housing market.

Requires the task force to submit a report to the Governor and Legislature by July 1, 2018, detailing the number and geographic distribution of large-scale buy-to-rent investors, their property holdings, and impacts on home prices and affordability.

Defines "large-scale buy-to-rent investor" as a publicly traded company owning more than 100 single-family homes during a calendar year for rental purposes.

Task force membership includes nine members appointed by various state officials, including the Real Estate Commissioner (chair), university professors, local officials, real estate experts, legal services experts, and a HUD-certified housing counselor.

Requires the task force report to include recommendations on increasing homeownership rates and tracking institutional investor holdings, with funding from the General Fund; report requirement becomes inoperative January 1, 2022.