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2013 SESSION
HB 2005 Virginia Housing Partnership Revolving Fund; renamed Virginia Housing Trust Fund, report.
Introduced by: Alfonso H. Lopez | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Housing Partnership Revolving Fund. Renames the Virginia Housing Partnership Revolving Fund to the Virginia Housing Trust Fund and codifies language in the latest appropriation act in which $7 million was appropriated to the Fund. The bill provides that the Department of Housing and Community Development shall (i) work in collaboration with the Virginia Housing Development Authority (HDA) to provide loan origination and servicing activities as needed to carry out the purposes of the Fund, with the costs of such services to be considered an eligible use of the Fund, and (ii) use, through HDA, at least 80 percent of the moneys from the Fund to provide flexible financing for low-interest loans through eligible organizations. Such loans shall be structured to maximize leveraging opportunities. All such funds shall be repaid to the credit of the Fund. Loans may be provided for (a) affordable rental housing to include new construction, rehabilitation, repair, or acquisition of housing to assist low or moderate income citizens, including land and land improvements; (b) down payment and closing cost assistance for homebuyers; and (c) short-term, medium-term, and long-term loans to reduce the cost of homeownership and rental housing. The bill also allows the Department to use up to 20 percent of the moneys from the Fund to provide grants through eligible organizations for targeted efforts to reduce homelessness, including (1) temporary rental assistance, not to exceed one year; (2) housing stabilization services in permanent supportive housing for homeless individuals and homeless families; (3) mortgage foreclosure counseling targeted at localities with the highest incidence of foreclosure activity; and (4) predevelopment assistance for permanent supportive housing and other long-term housing options for the homeless. The bill contains technical amendments.
FULL TEXT
- 01/09/13 House: Prefiled and ordered printed; offered 01/09/13 13103357D pdf | impact statement
- 01/24/13 House: Committee substitute printed 13104500D-H1 pdf | impact statement
- 02/01/13 House: Committee substitute printed 13104819D-H2 pdf | impact statement
- 02/23/13 House: Bill text as passed House and Senate (HB2005ER) pdf | impact statement
- 04/03/13 House: Reenrolled bill text (HB2005ER2) pdf
- 04/03/13 Governor: Acts of Assembly Chapter text (CHAP0754) pdf
AMENDMENTS
HISTORY
- 01/09/13 House: Prefiled and ordered printed; offered 01/09/13 13103357D
- 01/09/13 House: Referred to Committee on General Laws
- 01/22/13 House: Assigned GL sub: #1 Housing
- 01/23/13 House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
- 01/24/13 House: Reported from General Laws with substitute (22-Y 0-N)
- 01/24/13 House: Committee substitute printed 13104500D-H1
- 01/24/13 House: Referred to Committee on Appropriations
- 01/28/13 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources
- 01/31/13 House: Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
- 02/01/13 House: Reported from Appropriations with substitute (22-Y 0-N)
- 02/01/13 House: Committee substitute printed 13104819D-H2
- 02/02/13 House: Read first time
- 02/04/13 House: Read second time
- 02/04/13 House: Committee on General Laws substitute rejected 13104500D-H1
- 02/04/13 House: Committee on Appropriations substitute agreed to 13104819D-H2
- 02/04/13 House: Engrossed by House - committee substitute HB2005H2
- 02/05/13 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/05/13 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/06/13 Senate: Constitutional reading dispensed
- 02/06/13 Senate: Referred to Committee on General Laws and Technology
- 02/18/13 Senate: Reported from General Laws and Technology (13-Y 1-N)
- 02/19/13 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/13 Senate: Read third time
- 02/20/13 Senate: Passed Senate (40-Y 0-N)
- 02/23/13 House: Enrolled
- 02/23/13 House: Bill text as passed House and Senate (HB2005ER)
- 02/23/13 House: Signed by Speaker
- 02/23/13 Senate: Signed by President
- 03/25/13 House: Governor's recommendation received by House
- 04/02/13 House: Placed on Calendar
- 04/03/13 House: House concurred in Governor's recommendation (92-Y 1-N)
- 04/03/13 House: VOTE: ADOPTION (92-Y 1-N)
- 04/03/13 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/03/13 Governor: Governor's recommendation adopted
- 04/03/13 House: Reenrolled
- 04/03/13 House: Reenrolled bill text (HB2005ER2)
- 04/03/13 House: Signed by Speaker as reenrolled
- 04/03/13 Senate: Signed by President as reenrolled
- 04/03/13 House: Enacted, Chapter 754 (effective 7/1/13)
- 04/03/13 Governor: Acts of Assembly Chapter text (CHAP0754)