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Bill

H 947

PROPERTY SALES – Amends and adds to existing law to prohibit the purchase of single-family homes by institutional investors.

68th Legislature, 2nd Regular Session (2026)

Idaho bill would ban institutional investors from buying single-family homes to prioritize individual homeownership and address housing affordability concerns.

Introduced, read first time, referred to JRA for Printing
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Bill Summary · H 947

Legislative bill overview

H 947 would prohibit institutional investors—such as private equity firms, corporations, and investment funds—from purchasing single-family homes in Idaho. The bill amends existing property law to restrict ownership of residential properties to individual buyers and potentially licensed real estate entities. This represents a significant intervention into the residential real estate market.

Why is this important

Rising institutional investment in single-family homes has been linked to increased housing costs, reduced inventory for owner-occupants, and concerns about corporate landlordism in many states. Supporters argue this protects homeownership accessibility for average Idaho residents; opponents contend it may reduce rental housing supply and investment capital. The policy reflects a broader national debate about who should own residential real estate.

Potential points of contention

  • Definition challenges: The bill must clearly define "institutional investors" to avoid unintended consequences (pension funds, REITs, insurance companies, foreign investors all differ in scope and impact)
  • Rental housing impact: Restricting corporate ownership may reduce available rental properties if institutional investors currently own-to-rent, potentially worsening rental shortages
  • Constitutionality questions: The restriction on property ownership by certain entity types may face legal challenges regarding property rights and equal protection
  • Economic effects: Could reduce competition in the housing market, potentially raising prices if fewer buyers compete for homes, or discourage development investment

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

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