SB114 • 2026

INVESTMENT OWNERSHIP OF RESIDENTIAL PROPERTY

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Senator Harold Pope
Last action
Official status: [3] SCC/STBTC/SJC-SCC API.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

INVESTMENT OWNERSHIP OF RESIDENTIAL PROPERTY

What This Bill Does

INVESTMENT OWNERSHIP OF RESIDENTIAL PROPERTY

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-23 New Mexico Legislature
Sent to SCC - Referrals: SCC/STBTC/SJC
New Mexico Legislature
Action Postponed Indefinitely

Official Summary Text

INVESTMENT OWNERSHIP OF RESIDENTIAL PROPERTY

Current Bill Text

Read the full stored bill text

SB0114

SENATE BILL 114

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Harold Pope

AN ACT

RELATING TO HOUSING; PROHIBITING A HEDGE FUND, PRIVATE EQUITY
FIRM, CORPORATION OR OTHER BUSINESS FROM PURCHASING A SINGLE-
FAMILY RESIDENTIAL PROPERTY; PROVIDING AN EXEMPTION FOR LIMITED
LIABILITY COMPANIES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

SECTION 1.
[
NEW MATERIAL
]

PROHIBITING A HEDGE FUND,
PRIVATE EQUITY FIRM, CORPORATION OR OTHER BUSINESS FROM
PURCHASING SINGLE-FAMILY RESIDENCES--EXEMPTION.--Except as
provided in this section, a hedge fund, private equity firm,
corporation or other business is prohibited from purchasing a
single-family residential property. A limited liability
company organized pursuant to the Limited Liability Company Act
is exempt from the provisions of this section.

.233163.1