New MexicoProposal would bar businesses from buying single-family homes
If adopted, the proposal would bar many businesses from buying single-family homes in New Mexico, while exempting limited liability companies formed under state law.
What it does
The proposal would bar hedge funds, private equity firms, corporations, and other businesses from buying single-family homes. Limited liability companies formed under New Mexico law would be exempt.
Argument forThe proposed limit could reduce competition from businesses seeking to buy single-family homes.
Argument againstBusinesses could lose an option for investing in single-family homes, which may limit their choices for buying property.
More detail
The proposal would bar certain businesses from buying single-family homes. The proposed ban covers hedge funds, private equity firms, corporations, and other businesses seeking to buy a single-family home. Limited liability companies formed under New Mexico's Limited Liability Company Act would be exempt.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Jan 23Sent to Senate Committees' Committee & Senate Tax, Business and Transportation Committee & Senate Judiciary CommitteeIntroduced
Housing