House File 745 - Introduced HOUSE FILE 745 BY TUREK A BILL FOR An Act concerning city regulation of single-family residential 1 property. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2086YH (2) 91 ll/jh

H.F. 745 Section 1. Section 414.1, Code 2025, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 3. a. For the purpose of promoting the 3 general welfare of the community, a city is hereby empowered to 4 regulate the use of a building for single-family residential 5 purposes by prohibiting the purchase of single-family 6 residential property by corporations or other business entities 7 utilizing private equity funds, hedge funds, or real estate 8 funds for the period beginning July 1, 2025, and ending June 9 30, 2030. 10 b. This subsection is repealed July 1, 2030. 11 EXPLANATION 12 The inclusion of this explanation does not constitute agreement with 13 the explanation’s substance by the members of the general assembly. 14 This bill allows cities to prohibit the purchase of 15 single-family residential property by corporations or other 16 business entities utilizing private equity funds, hedge funds, 17 or real estate funds for the period beginning July 1, 2025, and 18 ending June 30, 2030. 19 -1- LSB 2086YH (2) 91 ll/jh 1/ 1