Virginia Housing Development Authority; mortgage credit certificates. (HB558)

Introduced By

Del. Danny Marshall (R-Danville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Housing Development Authority; mortgage credit certificates.  Permits the Virginia Housing Development Authority to use its bond authority to issue mortgage credit certificates. An emergency exists and this act is in force from its passage. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2012Committee
01/10/2012Prefiled and ordered printed with emergency clause; offered 01/11/12 12101676D
01/10/2012Referred to Committee on General Laws
01/13/2012Assigned GL sub: #1 Housing
01/18/2012Subcommittee recommends reporting (7-Y 0-N)
01/19/2012Reported from General Laws (22-Y 0-N) (see vote tally)
01/20/2012Impact statement from DPB (HB558)
01/23/2012Read first time
01/24/2012Read second time and engrossed
01/25/2012Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/25/2012VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/25/2012Reconsideration of passage agreed to by House
01/25/2012Passed House BLOCK VOTE (99-Y 0-N)
01/25/2012VOTE: PASSAGE #2 (99-Y 0-N) (see vote tally)
01/26/2012Constitutional reading dispensed
01/26/2012Referred to Committee on General Laws and Technology
02/20/2012Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
02/22/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/23/2012Read third time
02/23/2012Passed Senate (40-Y 0-N) (see vote tally)
02/29/2012Enrolled
02/29/2012Bill text as passed House and Senate (HB558ER)
02/29/2012Impact statement from DPB (HB558ER)
02/29/2012Signed by Speaker
03/01/2012Signed by President
03/13/2012G Approved by Governor-Chapter 239 (effective 3/13/12)
03/13/2012G Acts of Assembly Chapter text (CHAP0239)

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 1 minute.

Comments

VHC Admin writes:

The Virginia Housing Coalition supports this bill. It will give VHDA the flexibility to use mortgage credit certificates if has excess bonding authority. Without this flexibility, we might lose this affordable housing resource in Virginia.

Va Housing Coalition, tracking this bill in Photosynthesis, notes:

The Virginia Housing Coalition supports this bill.