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.

The bill outlines the appointment process, requiring initial appointments to be made within thirty days of the bill's passage, and mandates that the task force submit a report of its findings and recommendations by January 1, 2026. The task force will be supported by the administrative staff of the relevant joint standing committee of the General Assembly. There are no fiscal impacts anticipated for the state or municipalities as a result of this bill. 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.