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

HF 745 allows Iowa cities to prohibit corporations or business entities using private equity funds, hedge funds, or real estate funds from purchasing single-family homes between July 1, 2025, and June 30, 2030. This directly affects large investment firms and corporate landlords seeking to buy residential properties in local communities. Cities could implement this restriction through local ordinances during the five-year period, which automatically expires after 2030. The bill aims to limit corporate ownership of single-family homes to promote community welfare, without affecting individual homebuyers or non-corporate entities.