HB5485 - 104th General Assembly (2025-2026)

FAIR ACCESS TO HOUSING
Last Action
4/17/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Justin Cochran
Statutes Amended In Order of Appearance
New Act  
Synopsis As Introduced
Amends the Fair Access to Housing Act. Provides that, on and after January 1, 2027, it shall be unlawful for a covered entity to purchase, acquire, or offer to purchase or acquire any interest in a single-family residence unless the single-family residence has been listed for sale to the general public for at least 75 days. Defines "covered entity".
Housing Affordability Impact Note (Housing Development Authority)
This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. This bill prohibits “covered entities” from purchase single-family residences for at least 75 days. Covered Entities are organizations that receive funding to buy Single-Family housing stock. The intention of this bill appears to be to give individual households and non-profit organizations a chance to purchase homes before corporate/private market buyers have a chance to buy up existing properties and sell them at a higher level.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. Justin Cochran
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee
2/24/2026HouseAssigned to Judiciary - Civil Committee
3/26/2026HouseDo Pass / Short Debate Judiciary - Civil Committee; 013-007-000
3/27/2026HousePlaced on Calendar 2nd Reading - Short Debate
4/06/2026HouseHousing Affordability Impact Note Requested by Rep. Dan Ugaste
4/10/2026HouseHousing Affordability Impact Note Filed
4/10/2026HouseSecond Reading - Short Debate
4/10/2026HouseHeld on Calendar Order of Second Reading - Short Debate
4/17/2026HouseRule 19(a) / Re-referred to Rules Committee