Prohibit Private Equity Ownership of Single-Family Homes

Minnesota Legislative Events

Published April 1st, 2025

Detected April 7th, 2026

Summary

The Minnesota State Senate passed SF3173 during the 94th Legislature 2025-2026 session, prohibiting private equity companies from owning single-family homes. The bill advanced through the Housing and Homelessness Prevention and Judiciary and Public Safety committees before receiving a favorable report from the Finance Committee. Sponsors include Senators Boldon, Clark, Mohamed, Abeler, and Putnam.

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What changed

Minnesota enacted SF3173 to bar private equity firms from acquiring and owning single-family residential properties in the state. The bill passed through multiple committees including Housing and Homelessness Prevention and Judiciary and Public Safety before receiving final approval in the Finance Committee. The legislation targets institutional investors and corporate entities engaged in large-scale purchases of residential homes.

Private equity companies and institutional investors currently holding single-family home portfolios in Minnesota must review their holdings for compliance. Real estate investment managers should assess acquisition strategies and existing portfolios to ensure alignment with the new ownership restrictions. Homebuyers and consumer advocates may see increased access to the single-family housing market as institutional buyers are removed from competition.

What to do next

Review existing single-family home portfolios for compliance with new ownership restrictions
Assess acquisition and disposition strategies for Minnesota residential properties
Update legal and compliance frameworks to reflect restrictions on private equity home ownership

Source document (simplified)

ChangeBridge / Minnesota / SF3173 Passed SF3173 SF Passed 2025-04-01

Prohibit private equity company ownership of single-family homes

Bill Details

State Minnesota

Session 94th Legislature 2025-2026

Chamber Senate

Committee Finance

Official Source www.revisor.mn.gov/bills/94/2025/0/SF/3173/

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Action History

2026-04-07 S Comm report: To pass as amended and re-refer to Finance 2026-03-11 S Authors added Abeler; Putnam 2026-03-09 S Comm report: To pass as amended and re-refer to Judiciary and Public Safety 2026-02-26 S Withdrawn and re-referred to Housing and Homelessness Prevention 2025-04-01 S Referred to Judiciary and Public Safety 2025-04-01 S Introduction and first reading

Committee Referrals

2025-04-01 S Judiciary and Public Safety 2026-02-26 S Housing and Homelessness Prevention 2026-03-09 S Judiciary and Public Safety 2026-04-07 S Finance