Michigan legislation · 103rd Legislature
Michigan HB6074: Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.
Status: Signed into law, July 29, 2026
What the bill says
An act to prohibit certain companies from acquiring or purchasing certain residential property; to provide for the powers and duties of certain state officers and entities; and to prescribe certain penalties, civil sanctions, and remedies.
From the chaptered text, July 21, 2026:
AN ACT to prohibit certain companies from acquiring or purchasing certain residential property; to provide for the powers and duties of certain state officers and entities; and to prescribe certain penalties, civil sanctions, and remedies. The People of the State of Michigan enact: Sec. 3. As used in this act: (a) Excepted purchase means a purchase of a single-family home that is any of the following: (i) Purchased under a build-to-rent program where the large institutional investor purchases newly constructed single-family homes to be managed as rental properties, whether as communities exclusively of renter-occupied single-family homes or as communities of single-family homes that are both owner- and renter-occupied. (ii) Purchased pursuant to a renovate-to-rent program that meets both of the following requirements: (A) Substantially rehabilitates single-family homes that do not meet structural or core system elements of local building codes. (B) Makes improvements in an aggregate dollar amount of not less than 15% of the purchase price of the single-family home. (iii) Purchased pursuant to a homeownership program that meets all of the following requirements: (A) Requires rental payments and any other fees that are not greater than those collected by the large institutional investor on other similarly situated single-family homes not covered by the eligible homeownership program. (B) Is subject to a contract between the large institutional investor and …
Sponsors
- Bohnak, Karl (R, 109) · primary sponsor
- Cavitt, Cameron (R, 106)
- Wortz, Jennifer (R, 35)
- Schmaltz, Kathy (R, 46)
- Markkanen, Gregory (R, 110)
- Prestin, David (R, 108)
Latest actions
- : assigned PA 32'26 with immediate effect
- : filed with Secretary of State 07/21/2026 03:00 PM
- : approved by the Governor 07/21/2026 02:56 PM
- : presented to the Governor 07/14/2026 12:36 PM
- : bill ordered enrolled
- : roll call Roll Call #333 Yeas 104 Nays 2 Excused 0 Not Voting 4
- : Senate substitute (S-1) concurred in
- : rule suspended
- : laid over one day under the rules
- : returned from Senate with substitute (S-1) with immediate effect
Votes
- Roll Call #333 (July 3, 2026): 104 yea, 2 nay, passed
- PASSED; GIVEN IMMEDIATE EFFECT (July 3, 2026): 29 yea, 7 nay, passed
- passed; given immediate effect (June 25, 2026): 102 yea, 3 nay, passed
Subjects: Property: land sales, Housing: residential
Common questions
- What is HB6074?
- HB6074 is a bill in the Michigan Legislature (103rd Legislature): Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.
- What does HB6074 do?
- In its own words: An act to prohibit certain companies from acquiring or purchasing certain residential property; to provide for the powers and duties of certain state officers and entities; and to prescribe certain penalties, civil sanctions, and remedies.
- What is the status of HB6074?
- Signed into law as of July 29, 2026. Latest action: assigned PA 32'26 with immediate effect (July 29, 2026).
- Who sponsored HB6074?
- Bohnak, Karl (R, 109), with 5 co-sponsors.
- Where is the official record for HB6074?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6074
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.