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1995 SESSION

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HJ 115 Study; homeowner equity insurance program.

Introduced by: James M. Scott | all patrons    ...    notes | add to my profiles

SUMMARY:

Homeowner equity insurance program. Requests the Virginia Housing Study Commission to study the impact of a homeowner equity insurance program on the location and preservation of affordable housing developments. The equity insurance program is designed to protect the homeowner from a loss of property value caused by changes in the character of the neighborhood but not from a loss caused by changes to the actual house. Many homeowners contend that affordable housing developments in their neighborhoods have depressed the value of their homes.


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