NJ S4943

Prohibits institutional investors from contacting sellers, placing bids, or purchasing single-family homes during the first 75 days the property is on the market

Bans institutional investors from leasing any single-family home they acquire for five years following the purchase date

Exempts nonprofit affordable housing organizations, small institutional investors (owning 20 or fewer single-family homes), financial institutions acquiring through foreclosure, government authorities, and New Jersey-based institutional investors

Imposes civil penalties of up to $50,000 per violation, requires violators to sell the property within six months, and directs all profits to the Attorney General

Channels collected penalty revenue to the New Jersey Housing and Mortgage Finance Agency to fund down payment assistance grants for families purchasing single-family homes, with priority given to buyers of properties sold by institutional investors