SENATE BILL

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

Harold Pope

 

 

 

 

 

AN ACT

RELATING TO HOUSING; PROHIBITING A HEDGE FUND, PRIVATE EQUITY FIRM, CORPORATION OR OTHER BUSINESS FROM PURCHASING A SINGLE FAMILY RESIDENTIAL PROPERTY.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. [NEW MATERIAL] PROHIBITING A HEDGE FUND, PRIVATE EQUITY FIRM, CORPORATION OR OTHER BUSINESS FROM PURCHASING SINGLE FAMILY RESIDENCES.--A hedge fund, private equity firm, corporation or other business is prohibited from purchasing a single family residential property.

.229230.1