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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/13/2014Presented and ordered printed 14103380D
01/13/2014Referred to Committee on Appropriations
01/16/2014Impact statement from DPB (HB1132)
01/21/2014Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources
01/22/2014Subcommittee recommends laying on the table
01/23/2014Impact statement from DPB (HB1132)
02/12/2014Left in Appropriations


VHC Admin writes:

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.