· IL legislature · 104th

CORP OWNERSHIP PROPERTY

Creates the Corporate Ownership of Residential Property Act. Provides that, beginning January 1, 2027, a company to which the Act applies is prohibited from owning more than 500 residential properties in Illinois, including residential property held by affiliated entities or persons. Requires each company owning mor…

Sponsor

Jed Davis (R-IL)

Introduced

2026-01-12

Policy area

Housing and Community Development

Latest action

Referred to Rules Committee