Homes not Hedge Funds Act
Amends TCA Title 13; Title 47 and Title 66.
Tennessee SB0242, titled the "Homes not Hedge Funds Act," prohibits individuals or entities owning 100 or more single-family homes primarily for rental purposes from purchasing additional single-family homes in specified counties for non-residential use. The bill affects real estate investors and entities operating in Sullivan, Sumner, Montgomery, Williamson, Rutherford, Hamilton, Knox, Davidson, and Shelby Counties. Key provisions include civil penalties for violations, the ability for the attorney general and aggrieved individuals to bring civil actions, and the potential for courts to award damages and enforce compliance through joinder of parties.
Tennessee SB0242, titled the "Homes not Hedge Funds Act," prohibits individuals or entities owning 100 or more single-family homes primarily for rental purposes from purchasing additional single-family homes in specified counties for non-residential use. The bill affects real estate investors and entities operating in Sullivan, Sumner, Montgomery, Williamson, Rutherford, Hamilton, Knox, Davidson, and Shelby Counties. Key provisions include civil penalties for violations, the ability for the attorney general and aggrieved individuals to bring civil actions, and the potential for courts to award damages and enforce compliance through joinder of parties.
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Oliver, Charlane
114th General Assembly
January 22, 2025
March 12, 2026
Rcvd. from S., held on H. desk.