Missouri legislation · 2026 Regular Session
Missouri HB3167: Prohibits an institutional investor to purchase any covered residential property and gives the attorney general enforcement authority
Status: In committee, May 15, 2026
What the bill says
To amend chapter 620, RSMo, by adding thereto one new section relating to investor purchase of residential homes, with penalty provisions. Section A. Chapter 620, RSMo, is amended by adding thereto one new section, to be known as section 620.5000, to read as follows: 620.5000. 1. As used in this section, the following terms mean: (1) "Community-based entity", a nonprofit organization, community development corporation, or community land trust whose mission includes affordable housing or resident ownership; (2) "Covered residential property", (b) A two-family duplex, three-family triplex, or fo.
From the introduced text:
To amend chapter 620, RSMo, by adding thereto one new section relating to investor purchase of residential homes, with penalty provisions. Section A. Chapter 620, RSMo, is amended by adding thereto one new section, to be known as section 620.5000, to read as follows: 620.5000. 1. As used in this section, the following terms mean: (1) "Community-based entity", a nonprofit organization, community development corporation, or community land trust whose mission includes affordable housing or resident ownership; (2) "Covered residential property", (b) A two-family duplex, three-family triplex, or four-family quadplex dwelling unit; or (c) Any parcel zoned primarily for residential use containing up to four dwelling units; (3) "Department", the department of economic development; (4) "Individual owner", a natural person who holds title in their own name, or in a revocable trust for their primary residence or family use; (5) "Institutional investor", any entity: (a) Including a hedge fund, private equity firm, real estate investment trust, corporation, partnership, or limited liability company, that owns, directly or indirectly, more than fifty covered residential properties within the United States; or EXPLANATION -- Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is intended to be omitted from the law. Matter in bold-face type in the above bill is proposed language. HB 3167 (b) That manages assets on behalf …