House Bill No. 6962 establishes a task force aimed at studying the regulation of corporate housing acquisitions in the state. The task force will investigate the effects of large corporate entities acquiring residential real property, focusing on issues such as housing affordability, rental prices, and homeownership opportunities. Additionally, the task force will explore potential policies to limit or regulate these acquisitions. The task force will consist of various members appointed by legislative leaders and will include the Commissioner of Housing or their designee. Initial appointments must be made within thirty days of the bill's passage, and the first meeting is to occur within sixty days.

The task force is required to submit a report detailing its findings and recommendations to the relevant joint standing committee of the General Assembly by January 1, 2026. The task force will dissolve upon submitting this report or on January 1, 2026, whichever is later. The bill does not impose any fiscal impact on the state or municipalities, as it utilizes existing expertise to fulfill its objectives. The new legal language introduced in this bill includes the establishment of the task force and its operational guidelines, while no existing legal language is deleted.