New Jersey · 2026-2027 Regular Session · Bill

S 3097: "Protection of Homeownership and Limiting Institutional Investor Acquisition Act"; imposes limitations and establishes certain incentives and disincentives concerning acquisition of single-family residences.

In committee Last action February 5, 2026: Referred to Senate Budget and Appropriations Committee

Plain-language summary

S 3097 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: "Protection of Homeownership and Limiting Institutional Investor Acquisition Act"; imposes limitations and establishes certain incentives and disincentives concerning acquisition of single-family residences. Primary sponsor: Benjie Wimberly (Democratic), Angela McKnight (Democratic). Most recent recorded action (February 5, 2026): Referred to Senate Budget and Appropriations Committee.

Sponsors

Primary sponsors: Benjie Wimberly (Democratic); Angela McKnight (Democratic).