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HB 375

Manufactured Home Lot Rental Act; right of first refusal, resident entities and localities.

2026 Regular Session Introduced by Paul Krizek and 2 co-sponsors

Virginia bill grants residents and localities first right to purchase manufactured home lots before external sales, aiming to preserve affordable housing and prevent displacement in mobile home parks.

Fiscal Impact Statement from Department of Planning and Budget (HB375)
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Bill Summary · HB 375

Legislative bill overview

HB 375 grants residents of manufactured home communities and local governments a right of first refusal to purchase manufactured home lots before external buyers. The bill establishes a process where lot owners must offer properties to resident entities or municipalities at comparable market rates before conducting open-market sales.

Why is this important

Manufactured home communities represent affordable housing for approximately 20 million Americans, but residents face displacement when lots are sold to investors or developers who may raise rents or convert communities. This bill aims to preserve resident stability and local control over housing stock that serves low-to-moderate income populations.

Potential points of contention

  • Financing barriers: Resident entities and municipalities may lack capital to exercise purchase rights, creating paper protections without practical benefit
  • Property rights concerns: Lot owners argue the right of first refusal restricts their ability to sell freely and may reduce property values or investment incentives
  • Implementation complexity: Defining fair market value, notification procedures, and enforcement mechanisms could create litigation and administrative burdens
  • Market impacts: May reduce investor participation in manufactured home community sales, potentially affecting lot availability and pricing
  • Coverage gaps: Unclear whether all lot types are covered or if exemptions exist for family sales or specific community structures

Compiled from official sources — confirm details with the bill’s official record.

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