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SB 442

AN ACT CONCERNING ACCESS TO HOMEOWNERSHIP AND REGULATION OF CORPORATE OWNERSHIP OF RESIDENTIAL PROPERTY.

2025 Regular Session Introduced by Saud Anwar and 1 co-sponsor

Connecticut bill restricts corporate ownership of residential properties to prioritize individual homeownership and address housing affordability and market access challenges.

REF. TO JOINT COMM. ON Housing
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Bill Summary · SB 442

Legislative bill overview

SB 442 aims to expand homeownership access while restricting corporate ownership of residential property in Connecticut. The bill would limit the ability of corporations and investment entities to purchase single-family homes and residential properties, reserving them more exclusively for individual owner-occupants. This represents an intervention in residential real estate markets to prioritize traditional homeownership over institutional investment.

Why is this important

Rising corporate ownership of residential properties has driven up housing costs and reduced homeownership opportunities for ordinary residents in many states. By restricting institutional investors, Connecticut would attempt to preserve housing stock for individual buyers and potentially stabilize or lower home prices. The bill addresses a growing nationwide concern that corporate real estate portfolios have contributed to housing affordability crises.

Potential points of contention

  • Property rights and free market concerns: Critics may argue restrictions on corporate property purchases infringe on constitutional property rights and market freedom, potentially facing legal challenges
  • Impact on rental housing supply: Corporations own significant portions of rental properties; restrictions could reduce available rental stock or drive up rental prices
  • Implementation and enforcement complexity: Defining covered entities, establishing exemptions (REITs, pension funds, etc.), and preventing circumvention through shell companies would create administrative challenges and loopholes

Compiled from official sources — confirm details with the bill’s official record.

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