Relating to the purchase of or acquisition of single-family homesteads by certain out-of-state entities.

HB 3967 prohibits certain out-of-state companies, hedge funds, and institutional investors from buying or taking ownership of single-family homesteads (tax-exempt residential homes) in Texas. Specifically, it blocks entities headquartered, controlled, or owned outside Texas - unless they already own a Texas homestead - from purchasing these properties. The law includes an exception for nonprofits acquiring homes for affordable housing. It applies only to new purchases starting September 1, 2025, and does not affect existing ownership.