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2022 SESSION

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HB 1159 Virginia Housing Trust Fund; recommendations for increase in allocation of funds.

Introduced by: Alfonso H. Lopez | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Housing Trust Fund; recommendations for increase in allocation of funds; certain low-income and moderate-income families. Directs the Department of Housing and Community Development to convene a stakeholder work group to determine an appropriate increase in the percentage of moneys from the Virginia Housing Trust Fund that is used to provide flexible financing for low-interest loans through eligible organizations that are allocated to housing developments that serve persons and families with a household income at or below 30 percent of the adjusted median income and to report its findings and recommendations to the Governor, the Secretary of Commerce and Trade, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations on or before December 1, 2022.


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