Bill > AB2282

This bill establishes a Task Force on Institutional Investors within the Bureau of Real Estate to study the impact of "large-scale buy-to-rent investors," defined as publicly traded companies owning over 100 single-family rental homes, on California's housing market. The task force, composed of various experts including a Real Estate Commissioner, academics, and legal professionals, is mandated to report to the Governor and Legislature by July 1, 2018, detailing the number and regional distribution of these investors, the extent of their single-family home ownership, and an analysis of how their investments affect home prices and the ability of individuals to purchase homes. The report will also include data on the financial structures used by these investors and recommendations for increasing homeownership and monitoring investor holdings, with the bill declaring its urgency to address concerns about rising home prices and the potential disadvantage faced by first-time homebuyers.