AN ACT relating to the purchase of single-family homes.

Create new sections of KRS Chapter 367 to define terms; prohibit persons who own 50 or more single-family rental homes in qualifying counties from purchasing additional single-family homes in qualifying counties except for use by the person as a residence; limit the purchase restriction to single-family homes that have been advertised for sale for less than 90 days or less than 30 days if the purchaser qualifies as a small business; provide that a violation is also a violation of KRS 367.170; provide for joinder of certain parties with joint and several liability in enforcement actions.

Introduced: February 4, 2025

Last action: February 7, 2025

To Judiciary (H)

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This bill would bar large-scale landlords who already own 50 or more single-family rental homes in certain Kentucky counties from buying additional single-family homes in those areas, unless they plan to live in the home themselves. The restriction applies when a home has been listed for sale for less than 90 days, giving individual buyers a window to compete before large owners can step in. Violations would be treated as unlawful trade practices under existing Kentucky consumer protection law. Who it may affect: prospective home buyers, current renters, and large residential property owners in qualifying Kentucky counties.

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