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Read. Follow. Verify.Connecticut requires private equity real estate investors to wait 90 days before buying residential homes
Last action · May 1, 2026: House Calendar Number 548Sponsors: Saud Anwar and 8 others
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What This Bill Proposed
Private equity entities and s are prohibited from purchasing or offering to buy any single- or two-family home unless the property has been listed for sale to the general public for at least 90 days, effective October 1, 2026. The waiting period resets if the seller changes the asking price, and violators face civil penalties of up to $250,000 brought by the Attorney General.
Changes the purchasing timeline and compliance obligations for large real estate investment firms acquiring residential property, creating potential civil penalties of up to $250,000 per violation.
- The bill was modified during committee review to increase the asset threshold for institutional real estate investors from $30 million to $50 million. context
- Federal executive actions and proposed congressional measures have similarly targeted large institutional acquisitions of single-family housing. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Private equity entities
Must wait 90 days before purchasing publicly listed residential properties, provide signed disclosure notices, and face potential civil penalties up to $250,000 for non-compliance.
Institutional real estate investors
Subject to asset and portfolio ownership definitions that classify them under the purchasing restrictions.
Residential home sellers
Must navigate the 90-day public listing waiting period and receive signed compliance notices from private equity buyers before finalizing transactions.
Key Facts
- Private equity entities are prohibited from purchasing or offering to acquire any single- or two-family residence unless it has been listed for sale to the general public for at least 90 days.
- The 90-day waiting period restarts if the seller changes the asking price for the residence.
- Private equity entities must submit a signed written notice of compliance to the seller or seller's agent prior to finalizing a purchase.
- An 'institutional real estate investor' is defined as an entity or group that owns 10 or more single- or two-family residences, manages pooled investor funds as a fiduciary, and has $50 million or more in net value or assets.
Show all 8 facts
- Exemptions from the definition of a private equity entity include 501(c)(3) nonprofit organizations and entities operating under the state housing land bank and land trust program.
- Residences intended as the principal residence of a person with an ownership interest in the purchasing entity, or homes built with federal, state, or municipal funds, are exempt from the waiting period.
- Violators of the provisions may be subject to civil damages and penalties of up to $250,000.
- The Attorney General is authorized to bring civil actions on behalf of the state seeking injunctive relief, declaratory relief, and civil penalties.
Frequently Asked Questions
What triggers the 90-day waiting period to restart?
Are all investment companies covered under the private equity entity definition?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · passed the Senate · on the House floor.
Procedural history
22 actions- May 1, 2026HouseHouse Calendar Number 548
- May 1, 2026HouseFavorable Report, Tabled for the Calendar, House
- Apr 30, 2026HouseRules Suspended, Transmitted to the House
- Apr 30, 2026SenateFloorSenate Passed as Amended by Senate Amendment Schedule A
- Apr 30, 2026SenateFloorSenate Adopted Senate Amendment Schedule A 5442
- Apr 21, 2026Connecticut General AssemblyFile Number 706
Show 16 earlier actions
- Apr 21, 2026SenateFavorable Report, Tabled for the Calendar, Senate
- Apr 21, 2026Connecticut General AssemblyNew File by Committee on Appropriations
- Apr 21, 2026Connecticut General AssemblyReported Out of Legislative Commissioners' Office
- Apr 14, 2026Connecticut General AssemblyReferred to Office of Legislative Research and Office of Fiscal Analysis 04/20/26 5:00 PM
- Apr 10, 2026Connecticut General AssemblyFiled with Legislative Commissioners' Office
- Apr 10, 2026Connecticut General AssemblyJoint Favorable Substitute
- Apr 8, 2026Connecticut General AssemblyImmediate Transmittal to Committee on Judiciary
- Mar 26, 2026Connecticut General AssemblyFile Number 203
- Mar 26, 2026SenateSenate Calendar Number 124
- Mar 26, 2026SenateFavorable Report, Tabled for the Calendar, Senate
- Mar 26, 2026Connecticut General AssemblyReported Out of Legislative Commissioners' Office
- Mar 20, 2026Connecticut General AssemblyReferred to Office of Legislative Research and Office of Fiscal Analysis 03/25/26 5:00 PM
- Mar 11, 2026Connecticut General AssemblyFiled with Legislative Commissioners' Office
- Mar 10, 2026Connecticut General AssemblyJoint Favorable Substitute
- Feb 20, 2026Connecticut General AssemblyPublic Hearing 02/24
- Feb 19, 2026Connecticut General AssemblyCommitteeReferred to Joint Committee on Housing
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
State-Level Institutional Investor Regulation
The bill introduces specific civil penalties up to $250,000 enforceable by the Attorney General to curb large-scale institutional purchasing of single- and two-family homes.
Connected Entities
Sources
cga.ct.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy65Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz50Current news / social attention level
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