MI HB6243Michigan House Bill 6243 aims to restrict large institutional investors from purchasing single-family homes in Michigan. Specifically, it prohibits entities that own more than 100 such properties and manage at least $375 million in assets from acquiring additional single-family homes. However, the bill allows exceptions for investors involved in build-to-rent programs, renovate-to-rent initiatives that meet structural standards, and homeownership assistance schemes that offer financial support or credit reporting benefits to renters. Additionally, acquisitions resulting from foreclosure or loss mitigation efforts are permitted, provided the properties are sold within a commercially reasonable timeframe. The legislation also allows for the transfer of homes already owned by these investors prior to the law's effective date. ([myreptracker.com](https://www.myreptracker.com/michigan/bills/mi-2025-2026-regular-session-hb-6243?utm_source=openai))
MI HB6243 is a house bill in the Michigan 103rd Legislature, sponsored by Bryan Posthumus (R), currently “Engrossed” since August 26, 2026.
We track 4,230 Michigan bills this session, 31 of them sponsored by Bryan Posthumus.
Supporters of HB 6243 argue that the bill is a necessary step to promote homeownership and prevent large corporations from dominating the housing market. They believe it will make homeownership more accessible to individuals and families by limiting corporate acquisitions of residential properties. ([myreptracker.com](https://www.myreptracker.com/michigan/bills/mi-2025-2026-regular-session-hb-6243?utm_source=openai))
Critics of HB 6243 contend that the bill could restrict housing development and market participation by major entities, potentially leading to a decrease in the availability of rental properties. They argue that large institutional investors play a significant role in providing rental housing and that limiting their ability to purchase single-family homes may negatively impact the rental market. ([myreptracker.com](https://www.myreptracker.com/michigan/bills/mi-2025-2026-regular-session-hb-6243?utm_source=openai))
About This Analysis
This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the Michigan Legislature. Conflict-of-interest analysis for this bill is coming soon.
What does MI HB6243 do?
Michigan House Bill 6243 aims to restrict large institutional investors from purchasing single-family homes in Michigan. Specifically, it prohibits entities that own more than 100 such properties and manage at least $375 million in assets from acquiring additional single-family homes. However, the bill allows exceptions for investors involved in build-to-rent programs, renovate-to-rent…
What is the status of MI HB6243?
MI HB6243 is currently “Engrossed” in the Michigan legislature.
Who sponsored MI HB6243?
Bryan Posthumus (R) sponsored MI HB6243.
