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HB 1593

Ownership of Single-family Residential Property by Business Entities

2025 Regular Session Introduced by Dotie Joseph

Proposed Florida bill prohibiting business entities from buying single-family homes to preserve housing for individual owners; died in committee after facing legislative resistance.

Died in Housing, Agriculture & Tourism Subcommittee
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Bill Summary · HB 1593

Legislative bill overview

HB 1593 would restrict or prohibit business entities (corporations, investment firms, etc.) from purchasing single-family residential properties in Florida. The bill died in committee in June 2025 after being indefinitely postponed in May, suggesting significant legislative opposition or concerns about its viability.

Why is this important

Rising corporate ownership of single-family homes has contributed to housing affordability crises in many states, as institutional investors purchase properties for rental income rather than owner-occupancy, potentially reducing homeownership opportunities for individuals. This bill represents an attempt to address that trend by using property law to preserve single-family housing stock for individual buyers rather than investment entities.

Potential points of contention

  • Property rights concerns: Critics argue the restrictions may violate business property rights or face constitutional challenges regarding differential treatment of corporate versus individual ownership
  • Economic impacts: Real estate investors, property management companies, and financial institutions oppose limits on their business operations; supporters counter that limiting investor competition could lower home prices for individual buyers
  • Implementation complexity: Defining which "business entities" are restricted, grandfather clauses for existing corporate owners, and enforcement mechanisms would create regulatory challenges

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

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