PROPERTY SALES – Amends and adds to existing law to prohibit the purchase of single-family homes by institutional investors.

This bill prohibits institutional investors, such as corporations and LLCs, from purchasing single-family homes in Idaho starting July 1, 2026, with the goal of keeping homes in the hands of individual Idaho citizens. The law defines institutional investors as profit-seeking entities with multiple members and excludes home builders, family trusts, and nonprofits from this restriction. If an institutional investor acquires a single-family home after the effective date, they must sell the property within 180 days or face judicial foreclosure proceedings initiated by the state attorney general. The bill also includes provisions protecting individuals from liability when determining whether a buyer qualifies as an institutional investor.