Restricts purchase of single-family homes by certain institutional investors.

This bill restricts certain institutional investors from purchasing single-family homes in New Jersey that are listed for sale on the market. It defines "institutional investors" as large corporations, partnerships, or trusts, while explicitly exempting small investors who own 20 or fewer homes, family trusts, and nonprofits focused on affordable housing. The law aims to prevent large investment firms from buying up residential properties, thereby keeping homes available for individual buyers and local families.