Michigan HB6243: Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).

What the bill says

To amend 2026 PA 32, entitled "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," by amending sections 3 and 7 (MCL 125.853 and 125.857).

From the engrossed text, August 26, 2026:

A bill to amend 2026 PA 32, entitled "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," by amending sections 3 and 7 (MCL 125.853 and 125.857). 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, constructs, or constructs and retains 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. As used in this subparagraph, "communities of single-family homes" includes, but is not limited to, all of the following: (A) Communities composed of only single-family homes. (B) Communities composed of single-family homes and multi-family residential structures. (C) Communities composed of residential and commercial or other structures. (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 …

Read the full official text

Sponsors

• Posthumus, Bryan (R, 90) · primary sponsor

Latest actions

1. October 27, 2026: REFERRED TO COMMITTEE OF THE WHOLE
2. October 14, 2026: REPORTED FAVORABLY WITHOUT AMENDMENT 10/14/2026
3. September 9, 2026: REFERRED TO COMMITTEE ON REGULATORY AFFAIRS
4. September 9, 2026: PASSED BY HOUSE WITH IMMEDIATE EFFECT
5. August 26, 2026: transmitted
6. August 26, 2026: passed; given immediate effect Roll Call #356 Yeas 83 Nays 15 Excused 0 Not Voting 12
7. August 26, 2026: read a third time
8. August 26, 2026: placed on immediate passage
9. August 26, 2026: placed on third reading
10. August 26, 2026: substitute (H-1) adopted

Votes

• Reported Favorably Without Amendment 10/14/2026 (October 27, 2026): 11 yea, 0 nay, passed
• passed; given immediate effect (August 26, 2026): 83 yea, 15 nay, passed

Common questions

What is HB6243?

HB6243 is a bill in the Michigan Legislature (103rd Legislature): Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).

What does HB6243 do?

In its own words: To amend 2026 PA 32, entitled "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," by amending sections 3 and 7 (MCL 125.853 and 125.857).

What is the status of HB6243?

In committee as of October 27, 2026. Latest action: REFERRED TO COMMITTEE OF THE WHOLE (October 27, 2026).

Who sponsored HB6243?

Posthumus, Bryan (R, 90).

Where is the official record for HB6243?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6243