Virginia Housing Trust Fund; two percent of any surplus in general fund to be deposited into Fund. (HB1132)
Introduced By
Del. Alfonso Lopez (D-Arlington) with support from co-patron Del. Kaye Kory (D-Falls Church)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Housing Trust Fund. Requires that two percent of any surplus in the general fund be deposited into the Virginia Housing Trust Fund not to exceed $10 million. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/13/2014 | Committee |
01/13/2014 | Presented and ordered printed 14103380D |
01/13/2014 | Referred to Committee on Appropriations |
01/16/2014 | Impact statement from DPB (HB1132) |
01/21/2014 | Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources |
01/22/2014 | Subcommittee recommends laying on the table |
01/23/2014 | Impact statement from DPB (HB1132) |
02/12/2014 | Left in Appropriations |
Comments
VHC supports this bill. It is critical that we find a sustainable source of funding for the Virginia Housing Trust Fund. The VHTF is already being utilized in affordable rental housing, permanent supportive housing, and rapid rehousing projects serving low-income Virginians, seniors, veterans, and homeless populations. In addition the fund is being used for much needed rental assistance and support services as well as foreclosure rehab and foreclosure counseling. As the housing market recovers, this funding is needed to ensure that all of the above efforts are continued, working to end homelessness and give all Virginians access to quality housing that is affordable.