Bill > HF743

This bill proposes to amend Iowa's city regulation laws by allowing cities to implement new rules regarding single-family residential property ownership and occupancy. Specifically, the bill would permit cities to require that purchasers of single-family homes physically occupy the home for a minimum of two years before selling it, with the goal of promoting the community's general welfare. The bill defines "occupy" as physically residing in and using the property as a home, residence, or sleeping place. Cities would also have the discretion to create exceptions to the two-year occupancy requirement for sellers with good faith reasons for selling their home earlier. This legislation appears designed to discourage rapid property turnover and potentially stabilize residential neighborhoods by encouraging longer-term homeownership and residency.

Government Affairs

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF743