Bill > HB3167

This bill prohibits "institutional investors," defined as entities like hedge funds, private equity firms, or corporations that own more than fifty residential properties nationwide or manage over $100 million in assets and invest in real estate, from purchasing "covered residential property," which includes single-family homes and small multi-unit dwellings (up to four units) or parcels zoned for such use, starting August 28, 2026. The bill aims to prevent these large investors from acquiring residential properties, with exceptions for nonprofit affordable housing providers, public housing authorities, small businesses owning fewer than fifty units, and financial institutions holding foreclosed properties for resale within twelve months. The Department of Economic Development will maintain a registry of institutional investors and their property holdings to ensure compliance, and the Attorney General is empowered to enforce the law through civil actions, including imposing fines of up to $50,000 per property and requiring divestiture of unlawfully obtained properties, with provisions for displaced residents to bring private civil actions.

https://house.mo.gov/Bill.aspx?bill=HB3167&year=2026&code=R