VirginiaHB2022026 Regular SessionHouse

Single-family-homes; prohibited acquisition, civil penalty.

Sponsored By: Timothy P. Griffin (Republican)

Failed

Summary

Prohibited acquisition of single-family homes; affidavit; civil penalty. Restricts any partnership, corporation, or real estate investment trust that manages funds pooled from investors, is a fiduciary to such investors, has net value or assets under management on any day during a taxable year, and holds an interest in more than 50 single-family homes from acquiring any interest in any other single-family home, as defined in the bill to include manufactured home parks and residential single-family homes split into multiple dwellings, on or after July 1, 2026. The bill also requires an offering purchaser of a manufactured home park to provide a notarized affidavit certifying that the purchaser is not prohibited from acquiring such an interest. Any false statements on such affidavit is subject to a civil penalty of up to $10,000 per occurrence.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Timothy P. Griffin

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 7 • No: 0

House vote • 1/30/2026

Subcommittee recommends striking from the docket

Yes: 7 • No: 0

Actions Timeline

  1. Left in Committee Courts of Justice

    2/18/2026House
  2. Subcommittee recommends striking from the docket (7-Y 0-N)

    1/30/2026House
  3. Fiscal Impact Statement from Department of Planning and Budget (HB202)

    1/26/2026House
  4. Assigned HCJ sub: Civil

    1/22/2026House
  5. Referred to Committee for Courts of Justice

    1/7/2026House
  6. Prefiled and ordered printed; Offered 01-14-2026 26100172D

    1/7/2026House

Bill Text

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