E2SSB 5496 — Preserving homeownership options by limiting excessive home buying by certain entities.

What this bill does

Prohibits an investment entity, or a business entity that has an interest in more than 100 single-family residential properties, from purchasing, acquiring, or otherwise obtaining an interest in another single-family residential property, with certain exceptions. Provides enforcement and penalties under the Consumer Protection Act.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• Senate — 3rd Reading & Final Passage · February 13, 2026
  29 yea · 19 nay · 1 not voting

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Other bills sponsored by Alvarado

• HB 1090 — Concerning contraceptive coverage.
• EHB 1217 — Improving housing stability for tenants subject to the residential landlord-tenant act and the manufactured/mobile home landlord-tenant act by limiting rent and fee increases, requiring notice of rent and fee increases, limiting fees and deposits, establishing a landlord resource center and associated services, authorizing tenant lease termination, creating parity between lease types, and providing for attorney general enforcement.
• SB 5463 — Concerning the duties of industrial insurance self-insured employers and third-party administrators.
• SSB 5488 — Strengthening the financial stability of persons in the care of the department of children, youth, and families.
• SB 5498 — Concerning contraceptive coverage.