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Bill To Ban Corporations From Buying Single-Family Homes for Use As Rentals Introduced by Assemblymember Alex Lee

Today, Assemblymember Alex Lee introduced AB 2584 to protect California’s limited supply of single-family homes, and ensure that residents have the opportunity to become homeowners. The legislation proposes to prevent institutional investors that own more than 1,000 single-family homes from purchasing additional properties and converting them into rentals.