SR13 • 2025

DIRECTING THE DEPARTMENT OF FINANCE TO PREPARE A REPORT ON ENTITIES BUYING DELAWARE’S HOUSING STOCK.

Housing

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Huxtable
Last action: 2025-06-25
Official status: Passed 6/25/25
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on what happens after the report is made or if there are recommendations included in the bill text.

Delaware Housing Report

This bill asks the Department of Finance to make a report about companies buying houses in Delaware.

What This Bill Does

Tells the Department of Finance to write a report by December 31, 2025.
The report will look at how many homes businesses have bought over five years.
It needs information on where and what type of homes were sold.

Who It Names or Affects

The Department of Finance
Businesses buying houses in Delaware

Terms To Know

business entity: A company or organization that buys and sells things, like homes.
residential property: Houses or apartments where people live.

Limits and Unknowns

The bill does not say what will happen after the report is made.
It only asks for information about business purchases, not individual ones.

Bill History

2025-06-25 Delaware General Assembly
Introduced in Senate
2025-06-25 Delaware General Assembly
Passed By Senate. Votes: 21 YES

Official Summary Text

DIRECTING THE DEPARTMENT OF FINANCE TO PREPARE A REPORT ON ENTITIES BUYING DELAWARE’S HOUSING STOCK.
This resolution directs the Department of Finance to prepare a comprehensive report by December 31, 2025 on the involvement of business entities in purchasing residential property within Delaware. The report aims to clarify the extent, geographic distribution, and nature of business entity ownership in the state’s housing market, responding to concerns that these purchases may affect housing affordability and availability for residents. The resolution also calls for recommendations to improve the collection and availability of this data.

Current Bill Text

Read the full stored bill text

Legislation Document

SPONSOR:

Sen. Huxtable & Sen. Hansen & Sen. Lockman & Sen. Mantzavinos & Sen. Sokola & Sen. Townsend

DELAWARE STATE SENATE

153rd GENERAL ASSEMBLY

SENATE RESOLUTION NO. 13

DIRECTING THE DEPARTMENT OF FINANCE TO PREPARE A REPORT ON ENTITIES BUYING DELAWARE’S HOUSING STOCK.

WHEREAS, access to affordable and stable housing is critical to the well-being of Delaware's residents and communities; and

WHEREAS, nationally, business entities such as limited liability companies (LLCs), corporations, and private equity firms have increasingly acquired significant shares of single-family homes, with estimates indicating that such entities accounted for approximately 18% of single-family home purchases in the United States in recent years; and

WHEREAS, these business entity purchases have been linked to rising housing costs, reduced availability of homes for owner-occupants, and potential impacts on neighborhood stability and affordability; and

WHEREAS, despite these national trends, the extent of business entity involvement in purchasing residential real estate in Delaware remains unclear and has not been comprehensively documented; and

WHEREAS, the State currently lacks a publicly available, detailed analysis of the volume, geographic distribution, and nature of business entity ownership of residential housing stock; and

WHEREAS, obtaining a clear understanding of business entity ownership patterns within the State will assist in developing informed strategies to ensure equitable access to housing.

NOW, THEREFORE:

BE IT RESOLVED by the Senate of the 153rd General Assembly of the State of Delaware that the Department of Finance is directed to provide a report detailing the extent to which business entities have purchased residential housing stock in the State over the past five years.

BE IT FURTHER RESOLVED that the report shall include:

1. The number of residential sales and the value of all residential sales in Delaware over the past five years.

2. Whether the purchaser was a business entity or an individual.

3. The type of housing that was purchased.

4. The county in which the sale took place.

5. Recommendations for streamlining the collection and availability of this data.

BE IT FURTHER RESOLVED that the Department of Finance shall collaborate as necessary with relevant stakeholders, including the counties, in the preparation of this report.

BE IT FURTHER RESOLVED that the Department of Finance shall submit the completed report to the Senate President Pro Tempore and the Secretary of the Senate no later than December 31, 2025.

SYNOPSIS

This resolution directs the Department of Finance to prepare a comprehensive report by December 31, 2025 on the involvement of business entities in purchasing residential property within Delaware. The report aims to clarify the extent, geographic distribution, and nature of business entity ownership in the state’s housing market, responding to concerns that these purchases may affect housing affordability and availability for residents. The resolution also calls for recommendations to improve the collection and availability of this data.

Author: Senator Huxtable