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2009 SESSION
SB 1055 Housing Trust Fund; dedicating revenues to provide affordable housing.
Introduced by: Mary Margaret Whipple | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Housing Partnership Revolving Trust Fund; dedicating revenues. Establishes special, permanent, nonreverting fund to provide affordable housing in the Commonwealth. The bill also provides that a portion of the fund shall be used to provide matching funds to localities that have both established a local housing fund and appropriated local moneys to the fund. Under the bill, the Department of Housing and Community Development is required to establish criteria for the allocation of the matching funds to eligible localities and to annually report on the allocation of matching funds. In addition, the bill authorizes grants to be made from the Fund to support innovative housing projects and low and moderate income housing projects that are located in areas experiencing extreme shortages of such housing as well as rural housing initiatives. The bill also changes the name of the Virginia Housing Partnership Revolving Trust Fund to the Virginia Housing Trust Fund. This bill is recommended by the Virginia Housing Commission.
FULL TEXT
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 097435352 pdf | impact statement
- 02/10/09 Senate: Printed as engrossed 097435352-E pdf | impact statement
AMENDMENTS
HISTORY
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 097435352
- 01/13/09 Senate: Referred to Committee on General Laws and Technology
- 01/21/09 Senate: Reported from General Laws and Technology with amendment (13-Y 0-N)
- 01/21/09 Senate: Rereferred to Finance
- 02/05/09 Senate: Reported from Finance (11-Y 4-N)
- 02/09/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/10/09 Senate: Read second time
- 02/10/09 Senate: Reading of amendment waived
- 02/10/09 Senate: Committee amendment agreed to
- 02/10/09 Senate: Engrossed by Senate as amended SB1055E
- 02/10/09 Senate: Printed as engrossed 097435352-E
- 02/10/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/10/09 Senate: Passed Senate (23-Y 17-N)
- 02/13/09 House: Placed on Calendar
- 02/13/09 House: Read first time
- 02/13/09 House: Referred to Committee on Appropriations
- 02/16/09 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
- 02/19/09 House: Subcommittee recommends laying on the table
- 02/28/09 House: Left in Appropriations