AN ACT CONCERNING ACCESS TO HOMEOWNERSHIP AND REGULATION OF CORPORATE OWNERSHIP OF RESIDENTIAL PROPERTY.

SB 442 prohibits out-of-state hedge funds from purchasing single-family homes and caps corporate ownership of such properties at a specified number. It mandates separate bidding at foreclosure auctions for large investors versus individual buyers and requires private equity firms to disclose detailed property ownership information. The bill also encourages municipalities to expand funding for community land trusts and housing cooperatives to promote affordable homeownership. These provisions directly affect corporate property owners, investors, and local governments managing housing programs.