VA HB910

Requires the Virginia Department of Housing and Community Development to include in its statewide housing needs assessment a review of parcels owned by institutional investors (partnerships, corporations, or real estate investment trusts) that hold interests in more than 50 single-family homes or more than 10% of manufactured home parks

Targets entities that manage pooled investor funds, act as fiduciaries to investors, and have net assets under management on any day in a taxable year

Adds this institutional investor review as a third component to the existing housing needs assessment, which already examines housing affordability, supply and demand for rental and for-sale housing, and regional housing profiles

The comprehensive statewide housing needs assessment must be conducted at least every five years by the Director of the Department of Housing and Community Development