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2020 SESSION
HB 810 Virginia housing opportunity tax credit program; VHDA, et al., to develop.
Introduced by: Jeffrey M. Bourne | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Department of Housing and Community Development and the Virginia Housing Development Authority; stakeholder advisory group; Virginia housing opportunity tax credit program. Directs the Department of Housing and Community Development and the Virginia Housing Development Authority to convene a stakeholder advisory group to develop draft legislation establishing a Virginia housing opportunity tax credit program for the purpose of providing incentives for the utilization of private equity in the development and construction of affordable housing in the Commonwealth and regulations for implementing such program. The stakeholder advisory group shall also conduct financial modeling to determine the fiscal impact to the Commonwealth of various levels of funding for a Virginia housing opportunity tax credit. The stakeholder advisory group shall determine the most effective and efficient way to administer the program in conjunction with the federal Low-Income Housing Tax Credit Program. The stakeholder advisory group shall report its recommendations to the Governor, the Secretary of Commerce and Trade, the Director of the Department of Housing and Community Development, and the commissioners of the Virginia Housing Development Authority by September 1, 2020.
FULL TEXT
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20104985D pdf | impact statement
- 02/28/20 House: Bill text as passed House and Senate (HB810ER) pdf | impact statement
- 03/31/20 Governor: Acts of Assembly Chapter text (CHAP0517) pdf
HISTORY
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20104985D
- 01/07/20 House: Referred to Committee on General Laws
- 01/15/20 House: Assigned GL sub: Housing/Consumer Protection
- 01/16/20 House: Subcommittee recommends reporting (8-Y 0-N)
- 01/21/20 House: Reported from General Laws (21-Y 1-N)
- 01/23/20 House: Read first time
- 01/24/20 House: Read second time and engrossed
- 01/27/20 House: Read third time and passed House (83-Y 16-N)
- 01/27/20 House: VOTE: Passage (83-Y 16-N)
- 01/28/20 Senate: Constitutional reading dispensed
- 01/28/20 Senate: Referred to Committee on General Laws and Technology
- 02/19/20 Senate: Reported from General Laws and Technology (14-Y 0-N)
- 02/21/20 Senate: Constitutional reading dispensed (32-Y 0-N)
- 02/24/20 Senate: Read third time
- 02/24/20 Senate: Passed Senate (40-Y 0-N)
- 02/28/20 House: Enrolled
- 02/28/20 House: Bill text as passed House and Senate (HB810ER)
- 02/28/20 House: Signed by Speaker
- 03/02/20 Senate: Signed by President
- 03/11/20 House: Enrolled Bill communicated to Governor on March 11, 2020
- 03/11/20 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 03/31/20 Governor: Approved by Governor-Chapter 517 (effective 7/1/20)
- 03/31/20 Governor: Acts of Assembly Chapter text (CHAP0517)