Housing Trust Fund; dedicating revenues to provide affordable housing. (SB1055)
Introduced By
Sen. Mary Margaret Whipple (D-Arlington) with support from 14 copatrons, whose average partisan position is:
Those copatrons are Del. Kris Amundson (D-Mount Vernon), Del. Bob Brink (D-Arlington), Del. Al Eisenberg (D-Arlington), Del. David Englin (D-Alexandria), Del. Chris Peace (R-Mechanicsville), Del. Ken Plum (D-Reston), Del. Mark Sickles (D-Alexandria), Del. Margi Vanderhye (D-McLean), Del. Vivian Watts (D-Annandale), Sen. Adam Ebbin (D-Alexandria), Sen. Janet Howell (D-Reston), Sen. Dave Marsden (D-Burke), Sen. Toddy Puller (D-Mount Vernon), Sen. Patsy Ticer (D-Alexandria)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Housing Partnership Revolving Trust Fund; dedicating revenues. Establishes special, permanent, nonreverting fund to provide affordable housing in the Commonwealth. The bill also provides that a portion of the fund shall be used to provide matching funds to localities that have both established a local housing fund and appropriated local moneys to the fund. Under the bill, the Department of Housing and Community Development is required to establish criteria for the allocation of the matching funds to eligible localities and to annually report on the allocation of matching funds. In addition, the bill authorizes grants to be made from the Fund to support innovative housing projects and low and moderate income housing projects that are located in areas experiencing extreme shortages of such housing as well as rural housing initiatives. The bill also changes the name of the Virginia Housing Partnership Revolving Trust Fund to the Virginia Housing Trust Fund. This bill is recommended by the Virginia Housing Commission. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/13/2009 | Prefiled and ordered printed; offered 01/14/09 097435352 |
01/13/2009 | Referred to Committee on General Laws and Technology |
01/21/2009 | Impact statement from DPB (SB1055) |
01/21/2009 | Reported from General Laws and Technology with amendment (13-Y 0-N) (see vote tally) |
01/21/2009 | Rereferred to Finance |
02/05/2009 | Reported from Finance (11-Y 4-N) (see vote tally) |
02/09/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/10/2009 | Read second time |
02/10/2009 | Reading of amendment waived |
02/10/2009 | Committee amendment agreed to |
02/10/2009 | Engrossed by Senate as amended SB1055E |
02/10/2009 | Printed as engrossed 097435352-E |
02/10/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/10/2009 | Passed Senate (23-Y 17-N) (see vote tally) |
02/13/2009 | Placed on Calendar |
02/13/2009 | Read first time |
02/13/2009 | Referred to Committee on Appropriations |
02/13/2009 | Impact statement from DPB (SB1055E) |
02/16/2009 | Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox) |
02/19/2009 | Subcommittee recommends laying on the table |
02/28/2009 | Left in Appropriations |
Comments
This bill is supported by the Northern Virginia Legislative Unitarian Universalist Priorities Group. We need a dedicated source of funding to create more affordable housing in the Commonwealth, and this is as good a way as we have seen.
In our NoVA area, we have lost more than 80% of our affordable housing in the past decade. If we are to continue to be a significant economic force in the Commonwealth, we need to provide for a diversity of housing, not just luxury condos and McMansions. A huge obstacle has been the lack of funding for affordable units.
Support all efforts to incentivize and fund a wide range of affordable and accessible housing options.