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2024 SESSION

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HB 1421 Virginia Housing Trust Fund; expands eligibility for loans.

Introduced by: James W. Morefield | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Housing Trust Fund; eligibility. Expands eligibility for loans from the Virginia Housing Trust Fund to include low, moderate, or middle income persons and families and requires the Department of Housing and Community Development to (i) include definitions for such income levels in program guidelines for administering the Fund and (ii) prioritize funding for low income and middle income housing projects in program guidelines for administering the Fund. Under current law, such loans may be provided only to low or moderate income citizens of Virginia.


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