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IA HF745

Bill

Official Source

Status

Introduced

3/5/2025

Primary Sponsor

Josh Turek

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Cities are granted authority to prohibit the purchase of single-family residential property by corporations or other business entities that utilize private equity funds, hedge funds, or real estate funds

  • The prohibition power applies only during a five-year period from July 1, 2025, through June 30, 2030

  • The provision automatically repeals on July 1, 2030

  • Amends Iowa Code Section 414.1 by adding a new subsection to existing city zoning powers

Legislative Description

A bill for an act concerning city regulation of single-family residential property.

Last Action

Introduced, referred to Local Government. H.J. 512.

3/5/2025

Committee Referrals

Local Government3/5/2025

Full Bill Text

No bill text available