This bill amends Section 414.1 of the Code 2025 to empower cities in Iowa to regulate single-family residential property. Specifically, it allows cities to prohibit the purchase of such properties by corporations or business entities that utilize private equity funds, hedge funds, or real estate funds. This regulation is set to be in effect from July 1, 2025, until June 30, 2030.

Additionally, the bill includes a provision that this new regulation will be repealed after June 30, 2030. The intent behind this legislation is to promote the general welfare of the community by limiting corporate investment in single-family homes during the specified period.

Statutes affected:
Introduced: 414.1