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2012 SESSION

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HB 121 Virginia Housing Trust Fund Authority; created, report.

Introduced by: Joseph D. Morrissey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Housing Trust Fund Authority. Creates the Virginia Housing Trust Fund Authority to administer the Virginia Housing Trust Fund also created by the bill to assist in increasing the capacity of community housing organizations and encourage private sector businesses and individuals to contribute capital to community-based housing organizations and assist them in providing safe, decent, and affordable housing to Virginia citizens. The bill sets the powers and duties of the Authority and its Board of Directors, and the lawful purposes for which the Fund may be used.


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