Fair Chance Homebuyer
A promise to everyday families to have the first opportunity to purchase homes before investors can buy residential properties.
- Establishes a 45-day waiting period before investors or corporations can purchase a listed single-family home.
- During the waiting window, only owner-occupant buyers and first-time homebuyers may submit offers.
- Set Market Transparency to require public disclosure when a property transitions from the owner-buyer window to investor eligibility.
- Enforcement & Penalties are built to carry financial penalties for agents or investors who bypass the waiting period (not-applicable towards Sales made by owner but must purchase their next primary residence during the investor window)