A bill for an act concerning city regulation of single-family residential property.

HF 743 would allow Iowa cities to require new buyers of single-family homes to live in the property as their primary residence for at least two years before selling it. The bill defines "occupy" as physically residing in the home as a primary dwelling and permits cities to grant exceptions for "good faith" reasons like job loss or health issues. This requirement would directly affect homebuyers in cities that choose to implement this rule. Cities would have the option to adopt this policy but are not required to do so. The bill focuses on regulating short-term resale activity to promote community stability.