Summary:

 Senate Bill 77 (SB 77) This act addresses housing affordability and access by restricting certain entities from acquiring single-family residential properties in New Mexico.  

Legislation Overview:

 Senate Bill 77 (SB 77): The act proposes prohibition on Purchases by Certain Entities:  Restricted Entities includes: Hedge funds, private equity firms, corporations, or other businesses are expressly prohibited from purchasing single-family residential properties.  The main objective is to preserve single-family homes for individual buyers and limit speculative or large-scale corporate investments in residential real estate. The prohibition applies statewide and encompasses all single-family residential properties.
The act basically aims to mitigate corporate-driven competition in the housing market, thereby improving opportunities for individual homeownership and addressing concerns about housing availability and affordability.