# Virginia SB1424: Single-family homes; prohibited acquisition and ownership, restrictions, civil penalty.

Virginia SB1424, Single-family homes; prohibited acquisition and ownership, restrictions, civil penalty., is a 2025 Regular Session Senate bill sponsored by Schuyler T. VanValkenburg (Democratic); status failed, last action 2025-02-05 (Left in Finance and Appropriations) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-SB1424-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB1424
- State: Virginia
- Session: 2025 Regular Session
- Title: Single-family homes; prohibited acquisition and ownership, restrictions, civil penalty.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-16
- Last action: 2025-02-05, Left in Finance and Appropriations
- Sponsor: Schuyler T. VanValkenburg (Democratic)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 1 (9 yes, 6 no in all)
- Economic provisions PRIA read: 0

## Summary

Prohibited acquisition and ownership of single-family homes; restrictions; civil penalty. Restricts any partnership, corporation, or real estate investment trust that manages funds pooled from investors and has $50 million or more in net value or assets under management on any day during a taxable year from acquiring any interest in single-family homes, as defined in the bill, in the Commonwealth and requires registration with the Secretary of the Commonwealth by September 1, 2026, for any such business that acquired such interest prior to July 1, 2026. The bill also requires any such business to divest at least 10 percent of such interest per year over a course of 10 years whereby no such business shall own any interest in single-family homes on and after July 1, 2036. The bill requires the Secretary of the Commonwealth to report annually by December 1 on the registrations and any penalties assessed for failure to register or divest ownership interests and to submit such report to the Governor and the General Assembly. The bill also requires all real property tax bills to contain notice of such prohibited business ownership restrictions and registration requirements. The bill has a delayed effective date of July 1, 2026.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Schuyler T. VanValkenburg (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-01-29 | Senate | Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations | pass | 9 | 6 |   |

## Actions (7)

- 2025-02-05: Left in Finance and Appropriations (Senate)
- 2025-01-29: Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (9-Y 6-N) (Senate)
- 2025-01-29: Incorporates SB1140(Sturtevant) (Senate)
- 2025-01-29: Committee substitute printed 25105837D-S1 (Senate)
- 2025-01-16: Referred to Committee on General Laws and Technology (Senate)
- 2025-01-16: Presented and ordered printed 25104132D (Senate)
- 2025-01-16: Presented and ordered printed 25104132D (Senate)

## Bill text

- Substitute, 2025-01-30: [HTML](https://lis.blob.core.windows.net/files/1034782.HTML), [PDF](https://lis.blob.core.windows.net/files/1034781.PDF)
- Substitute, 2025-01-29: [HTML](https://lis.blob.core.windows.net/files/1033768.HTML), [PDF](https://lis.blob.core.windows.net/files/1033767.PDF)
- Introduced, 2025-01-16: [HTML](https://lis.blob.core.windows.net/files/1021779.HTML), [PDF](https://lis.blob.core.windows.net/files/1021778.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1034782.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1034781.PDF)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1033768.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1033767.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1021779.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1021778.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/VA-SB1424-2025 (as of 2026-10-17).