North Carolina 2025 Session Status: In Committee 1 D cosponsors

HB 1010 — Home Ownership Market Manipulation.

Last action — Passed 1st Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced April 15, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    0 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

15 added · 14 removed

Plain-language change summary

In the updated version of House Bill 1010, the date has been changed from April 15 to April 16, 2025, and the bill's identification has been altered slightly from "DRH30385-MC-138" to "*H1010-v-1*". These changes are minor but important for tracking the progress and version control of the legislation. Proper versioning ensures that lawmakers and the public can easily reference the most current text of the bill and understand any updates or amendments that have been made.

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GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 H 1 HOUSE BILL 1010 Short Title:
1010 Apr 15, 2025 SESSION 2025 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH30385-MC-138 Short Title:
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT TO PROHIBIT HOUSING MARKET MANIPULATION AND TO PROTECT AGAINST ARTIFICIAL INFLATION BY EXCESSIVE HOME BUYING BY ENTITIES PURCHASING HOMES FOR USE AS RENTAL PROPERTIES.
Rules, Calendar, and Operations of the House April 16, 2025 A BILL TO BE ENTITLED AN ACT TO PROHIBIT HOUSING MARKET MANIPULATION AND TO PROTECT AGAINST ARTIFICIAL INFLATION BY EXCESSIVE HOME BUYING BY ENTITIES PURCHASING HOMES FOR USE AS RENTAL PROPERTIES.
Chapter 75 of the General Statutes is amended by adding a new Article to read:
Chapter 75 of the General Statutes is amended byadding a new Article to read:
– A fiduciary, a firm, an association, a partnership, a limited liability company, a corporation, or other business entity or group acting as a unit.
– A fiduciary, a firm, an association, a partnership, a limited liability company, a corporation, or other business entityor group acting as a unit.
*DRH30385-MC-138* General Assembly Of North Carolina Session 2025 (4) Qualifying county.
*H1010-v-1* General Assembly Of North Carolina Session 2025 (4) Qualifying county.
It is unlawfulforaperson, including affiliates oftheperson,to purchaseasingle-family home in a qualifying county for a purpose other than use by the person as a residence if the person, including affiliates of the person, owns 100 or more single-family homes in qualifying counties that are used primarily for rental purposes.
It is unlawfulforaperson, includingaffiliates oftheperson,to purchaseasingle-familyhome in a qualifying county for a purpose other than use by the person as a residence if the person, including affiliates of the person, owns 100 or more single-family homes in qualifying counties that are used primarily for rental purposes.
(c) A court may award to a defendant who prevails in an action brought pursuant to this section costs and fees, including reasonable attorneys' fees, if the court finds the action was not well-grounded in fact and warranted by existing law or was interposed for any improper purpose, such as to harass or to cause unnecessary delay or needless increase in the cost of litigation.
(c) A court may award to a defendant who prevails in an action brought pursuant to this section costs and fees, including reasonable attorneys' fees, if the court finds the action was not well-grounded in fact and warranted byexisting law or was interposed for anyimproper purpose, such as to harass or to cause unnecessary delay or needless increase in the cost of litigation.
(f) This Article shall not be construed to limit rights and remedies available to the State of North Carolina or to any person under any other law and shall not alter or restrict the Attorney General's authority under this Article with regard to conduct involving assertions of violations of this Article." SECTION 2.
(f) This Article shall not be construed to limit rights and remedies available to the State of North Carolina or to any person under anyother law and shall not alter or restrict the Attorney General's authorityunder this Article with regard to conduct involving assertions of violations of this Article." SECTION 2.
Page 2 DRH30385-MC-138
Page 2 House Bill 1010-First Edition
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How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill creates a new Article in Chapter 75 to prohibit certain ownership practices in the housing market, specifically targeting entities that buy single-family homes primarily for rental purposes.

  • Chapter 75

    Article 9. Housing Market Manipulation. § 75-150. Purpose. (a) The General Assembly finds that North Carolina has experienced urban growth at levels significantly higher than many states. The General Assembly does not wish to inhibit the ownership of property but recognizes that it is becoming increasingly common for business entities to purchase substantial numbers of single-family homes for use as rental properties, both lowering the supply of, and increasing the costs of, such homes. The General Assembly further finds that home ownership is recognized as one of the most reliable ways to build wealth, permitting owners to build equity, which can serve as reserves in times of need, and in terms of passive income and increases in market value of owned property. (b) The General Assembly seeks, by this narrowly tailored Article, to balance the interests of building wealth through the use of business entities acquiring properties for rental purposes against the State, local, and individual economic benefits that result from having a citizenry broadly engaged in and accruing the advantages attendant to home ownership.

    This adds a new Article that outlines the purpose and findings related to housing market manipulation.

  • Chapter 75

    § 75-151. Definitions. The following definitions apply in this Article: (1) Affiliate. – A person, other than an individual, that wholly or substantially owns, is wholly or substantially owned by, or is under common ownership with another person. (2) Individual. – A human being. (3) Person. – A fiduciary, a firm, an association, a partnership, a limited liability company, a corporation, or other business entity or group acting as a unit. The term includes an officer or employee of a corporation, a member, a manager, or an employee of a limited liability company, and a member or employee of a partnership who, as officer, employee, member, or manager, acts on behalf of the business entity with whom they are associated or an affiliate of that business entity. The term does not include governmental entities. (4) Qualifying county. – A county with a population greater than 150,000 as of the most recent decennial census. (5) Single-family home. – A residential structure that is either a fully detached or semi-detached building or that is a row or town home that (i) is separated from the adjacent unit by a ground-to-roof wall, (ii) does not share heating or air-conditioning systems or utilities, and (iii) does not have units located above or below.

    This introduces definitions crucial for understanding the Article's provisions and enforcement.

  • Chapter 75

    § 75-152. Impermissible ownership quotas. It is unlawful for a person, including affiliates of the person, to purchase a single-family home in a qualifying county for a purpose other than use by the person as a residence if the person, including affiliates of the person, owns 100 or more single-family homes in qualifying counties that are used primarily for rental purposes.

    This establishes legal restrictions on purchasing single-family homes for certain entities based on ownership thresholds.

  • Chapter 75

    § 75-153. Enforcement; remedies; damages. (a) The Attorney General shall have the same authority under this Article to make rules, conduct civil investigations, bring civil actions, and enter into assurances of discontinuance as provided under this Chapter. In an action brought by the Attorney General pursuant to this section, the court may award or impose any relief available under this Chapter. (b) A person aggrieved by a violation of this Article or by a violation of rules adopted under this Article or the board of county commissioners of the county in which such person lives may bring an action in superior court against a person who acquires a single-family home in violation of this Article. A court may impose civil penalties on a person found to violate this Article of up to one hundred dollars ($100.00) per day for each single-family home acquired in violation of this Article and may award to a plaintiff who prevails in an action brought pursuant to this subsection one or more of the following remedies: (1) Equitable relief. (2) Damages. (3) Costs and fees, including reasonable attorneys' fees. (4) Exemplary damages in an amount equal to fifty thousand dollars ($50,000) or three times the total of damages, costs, and fees, whichever is greater.

    This provisions sets forth enforcement mechanisms, penalties, and remedies for violations.

Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules, Calendar, and Operations of the House

  3. Filed

Sponsors

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 178 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (178)

178 members have not signed on to this bill.

Show all 178 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 1010?
HB 1010 is sponsored by Aisha O. Dew (Democratic).
What is the current status of HB 1010?
This bill is in committee in the House. Introduced April 15, 2025. It must pass committee before a floor vote.
Where can I track HB 1010?
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