Regulates institutional investor activities related to ownership of single-family homes, including purchase and lease; supports certain homebuyer assistance programs.

This New Jersey bill regulates how large investment firms (referred to as "institutional investors") can purchase and lease single-family homes, including townhouses. It defines "institutional investor" to exclude family-owned entities like family trusts, family limited liability companies, and nonprofits focused on affordable housing. The bill also includes provisions to support homebuyer assistance programs for low- and moderate-income residents. These changes apply to the ownership of single-family homes across New Jersey, aiming to limit large-scale investment activity in residential housing.