Private equity company ownership of single-family homes prohibition

This bill prohibits private equity companies from owning single-family homes in Minnesota, while allowing natural persons, government entities, nonprofits, land trusts, and mortgage holders to retain ownership rights. It defines private equity companies as investors who raise capital to buy and manage assets for profit, while exempting housing developers, local governments, and nonprofit affordable housing providers from the restriction. The attorney general will enforce the law, which takes effect on August 1, 2026, and applies only to property interests acquired on or after that date.