SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2009 SESSION
092088640Be it enacted by the General Assembly of Virginia:
1. That § 15.2-958.2 of the Code of Virginia is amended and reenacted as follows:
§ 15.2-958.2. Grants for homeownership; workforce housing.
A. In order to ensure its competitiveness as an
employer, a locality may, by ordinance, provide for the use of funds, other
than state funds, to provide home-ownership grants to employees of the
locality, employees of the school board and employees of constitutional
officers, to purchase their primary residences in the locality. The ordinance
shall require that individual grants not exceed $25,000 per employee, nor
lifetime cumulative grants exceed $25,000 per employee. Any such grants issued
shall be subject to the Virginia Housing and Development Authority regional
sales price and household income limitations. The ordinance may establish such
other terms and conditions to ensure the integrity of the home-ownership
grant program.
B. In addition to the homeownership grants authorized in subsection A, a locality may by ordinance, and in cooperation with the local school division, offer residential housing assistance grants in amounts not to exceed those permitted in subsection A and, with the local school division, enter into pubic-private partnerships and other arrangements to provide affordable workforce housing alternatives to school division personnel.