summary
Introduced
01/23/2026
01/23/2026
In Committee
Crossed Over
Passed
Dead
02/19/2026
02/19/2026
Introduced Session
2026 Regular Session
Bill Summary
AN ACT RELATING TO HOUSING; PROHIBITING A HEDGE FUND, PRIVATE EQUITY FIRM, CORPORATION OR OTHER BUSINESS FROM PURCHASING A SINGLE- FAMILY RESIDENTIAL PROPERTY; PROVIDING AN EXEMPTION FOR LIMITED LIABILITY COMPANIES.
AI Summary
This bill prohibits hedge funds, private equity firms, corporations, and other businesses from buying single-family homes, aiming to address concerns about large investment entities acquiring residential properties. However, it provides an exemption for limited liability companies, which are business structures that offer liability protection to their owners, meaning these specific types of companies can still purchase single-family residences.
Sponsors (1)
Last Action
Sent to SCC - Referrals: SCC/STBTC/SJC (on 01/23/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=114&year=26 |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0114.PDF |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0114.pdf |
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