HB 1493

As introduced: - Removes the state prohibition on local governments enacting rent control. - Prohibits business entities that own more than 100 single-family homes from acquiring additional single-family rental properties. - Makes it a violation of state antitrust law for landlords to use rent-setting software or other methods to coordinate rental prices. - Caps property insurance rate increases at 10% for a single filing and 15% cumulatively within a 12-month period. - Creates multiple programs to increase the affordable housing supply, including a tax credit for converting retail space to residences, a construction loan program, and authorization for local community land banks. - Requires funds transferred from the state and local housing trust funds for non-housing purposes to be repaid within five years.