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

Bill Has Failed

History

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 097435352
01/13/2009Referred to Committee on General Laws and Technology
01/21/2009Impact statement from DPB (SB1055)
01/21/2009Reported from General Laws and Technology with amendment (13-Y 0-N) (see vote tally)
01/21/2009Rereferred to Finance
02/05/2009Reported from Finance (11-Y 4-N) (see vote tally)
02/09/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Read second time
02/10/2009Reading of amendment waived
02/10/2009Committee amendment agreed to
02/10/2009Engrossed by Senate as amended SB1055E
02/10/2009Printed as engrossed 097435352-E
02/10/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Passed Senate (23-Y 17-N) (see vote tally)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Appropriations
02/13/2009Impact statement from DPB (SB1055E)
02/16/2009Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
02/19/2009Subcommittee recommends laying on the table
02/28/2009Left in Appropriations

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 4 minutes.

Comments

Laura Dely writes:

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.

Nonprofit NoVA, tracking this bill in Photosynthesis, notes:

Support all efforts to incentivize and fund a wide range of affordable and accessible housing options.