Virginia Housing Partnership Revolving Fund; renamed Virginia Housing Trust Fund. (HB790)

Introduced By

Del. Alfonso Lopez (D-Arlington) with support from 30 copatrons, whose average partisan position is:

Those copatrons are Del. Mamye BaCote (D-Newport News), Del. Bob Brink (D-Arlington), Del. David Bulova (D-Fairfax), Del. Betsy Carr (D-Richmond), Del. David Englin (D-Alexandria), Del. Eileen Filler-Corn (D-Fairfax Station), Del. Charniele Herring (D-Alexandria), Del. Patrick Hope (D-Arlington), Del. Algie Howell (D-Norfolk), Del. Matthew James (D-Portsmouth), Del. Joseph Johnson (D-Abingdon), Del. Mark Keam (D-Vienna), Del. Kaye Kory (D-Falls Church), Del. Delores McQuinn (D-Richmond), Del. Ken Plum (D-Reston), Del. Jim Scott (D-Merrifield), Del. Mark Sickles (D-Alexandria), Del. Luke Torian (D-Woodbridge), Del. David Toscano (D-Charlottesville), Del. Roslyn Tyler (D-Jarratt), Del. Jeion Ward (D-Hampton), Del. Onzlee Ware (D-Roanoke), Del. Vivian Watts (D-Annandale), Sen. Kenneth Alexander (D-Norfolk), Sen. Roz Dance (D-Petersburg), Sen. Lynwood Lewis (D-Accomac), Sen. Jennifer McClellan (D-Richmond), Sen. Joe Morrissey (D-Richmond), Sen. Lionell Spruill (D-Chesapeake), Sen. Scott Surovell (D-Mount Vernon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Housing Partnership Revolving Fund.  Renames the Virginia Housing Partnership Revolving Fund to the Virginia Housing Trust Fund. The bill provides that 20 percent of the moneys deposited in the Fund in any fiscal year shall be used by the Department for grants for the construction of new or rehabilitation of existing housing units, rental assistance to individuals and families experiencing homelessness, and other appropriate assistance to facilitate the achievement of housing stability. Under the bill, moneys in the Fund are derived from 10 percent of the annual general fund revenue collections that are in excess of the official estimates in the general appropriation act and 10 percent of any unreserved general fund balance at the close of each fiscal year whose reappropriation is not required in the general appropriation act. The Fund also consists of such other sums as may be made available to it from any other source, public or private, and shall include federal grants solicited and received for the specific purposes of the Fund. The bill contains technical amendments. Read the Bill »


02/09/2012: Merged into HB121


01/11/2012Prefiled and ordered printed; offered 01/11/12 12103272D
01/11/2012Referred to Committee on General Laws
01/17/2012Assigned GL sub: #1 Housing
01/27/2012Impact statement from DPB (HB790)
02/08/2012Subcommittee recommends incorporating (HB121-Morrissey)
02/09/2012Incorporated by General Laws (HB121-Morrissey)