Sign Up
SB 199 North Carolina Senate · 2025-2026 Session

Home Ownership Market Manipulation.

SB 199 prohibits business entities (like corporations or rental companies) from owning 100 or more single-family homes in qualifying North Carolina counties (population >150,000) for rental purposes. It targets large-scale investors whose buying practices may reduce home availability and increase prices for owner-occupants. Violators face daily fines up to $100 per home and potential civil lawsuits with damages, including up to $50,000 in penalties. The law specifically applies to rental properties, not owner-occupied homes, and excludes government entities.
Issues: ✓ HousingSupports HousingProhibits large-scale investor ownership to increase home availability and reduce prices for owner-occupants, directly advancing affordable housing access.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 27, 2025 Last action Mar 3, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 3 edits
MINOR
The bill text was reformatted from a filed version to a first edition version, with minor spacing adjustments and updated metadata. The substantive policy content remains unchanged, including the bill's purpose of prohibiting housing market manipulation and protecting against artificial inflation from excessive home buying by entities purchasing homes for rental properties.
TECHNICAL

Header formatting was updated to reflect first edition status with new page numbering and bill identifier (S199-v-1) replacing the draft number (DRS15075-MC-113).

Minor spacing adjustments were made throughout the text, including indentation changes in the purpose and definitions sections, but no substantive policy language was altered.

Referred to section was updated to show the bill was referred to Rules and Operations of the Senate on March 3, 2025, replacing the blank referral line from the filed version.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Mar 3, 2025
Committee
Ref To Com On Rules and Operations of the Senate
upper
Feb 27, 2025
Introduced
Filed
upper
0 primary · 6 co-sponsors

Sponsors

No sponsor information available.