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2015 SESSION

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SJ 237 Virginia Homeless Solutions Program; DHCD to study $500 asset cap.

Introduced by: Barbara A. Favola | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Study; DHCD; Virginia Homeless Solutions Program $500 asset cap; report. Requests the Department of Housing and Community Development (DHCD) to study the Virginia Homeless Solutions Program $500 asset cap for individuals transitioning from shelters to permanent housing who require rapid re-housing financial assistance. DHCD is requested to (i) identify and examine alternatives to the $500 asset cap, including a higher asset cap or a cap that ranges based on the size and needs of the particular family; (ii) research and compare asset caps used in other states; and (iii) make recommendations regarding an asset cap that would better serve families transitioning from shelters to permanent housing and reduce the number of individuals that return to homelessness in the Commonwealth.


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