Virginia housing opportunity tax credit program; VHDA, et al., to develop. (HB810)

Introduced By

Del. Jeff Bourne (D-Richmond)

Progress

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

Description

Department of Housing and Community Development and the Virginia Housing Development Authority; stakeholder advisory group; Virginia housing opportunity tax credit program. Directs the Department of Housing and Community Development and the Virginia Housing Development Authority to convene a stakeholder advisory group to develop draft legislation establishing a Virginia housing opportunity tax credit program for the purpose of providing incentives for the utilization of private equity in the development and construction of affordable housing in the Commonwealth and regulations for implementing such program. The stakeholder advisory group shall also conduct financial modeling to determine the fiscal impact to the Commonwealth of various levels of funding for a Virginia housing opportunity tax credit. The stakeholder advisory group shall determine the most effective and efficient way to administer the program in conjunction with the federal Low-Income Housing Tax Credit Program. The stakeholder advisory group shall report its recommendations to the Governor, the Secretary of Commerce and Trade, the Director of the Department of Housing and Community Development, and the commissioners of the Virginia Housing Development Authority by September 1, 2020. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2020Committee
01/07/2020Prefiled and ordered printed; offered 01/08/20 20104985D
01/07/2020Referred to Committee on General Laws
01/15/2020Assigned GL sub: Housing/Consumer Protection
01/16/2020Subcommittee recommends reporting (8-Y 0-N)
01/21/2020Impact statement from DPB (HB810)
01/21/2020Reported from General Laws (21-Y 1-N) (see vote tally)
01/23/2020Read first time
01/24/2020Read second time and engrossed
01/27/2020Read third time and passed House (83-Y 16-N)
01/27/2020VOTE: Passage (83-Y 16-N) (see vote tally)
01/28/2020Constitutional reading dispensed
01/28/2020Referred to Committee on General Laws and Technology
02/19/2020Reported from General Laws and Technology (14-Y 0-N) (see vote tally)
02/21/2020Constitutional reading dispensed (32-Y 0-N) (see vote tally)
02/24/2020Read third time
02/24/2020Passed Senate (40-Y 0-N) (see vote tally)
02/28/2020Enrolled
02/28/2020Bill text as passed House and Senate (HB810ER)
02/28/2020Impact statement from DPB (HB810ER)
02/28/2020Signed by Speaker
03/02/2020Signed by President
03/11/2020Enrolled Bill communicated to Governor on March 11, 2020
03/11/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
03/31/2020G Approved by Governor-Chapter 517 (effective 7/1/20)
03/31/2020G Acts of Assembly Chapter text (CHAP0517)

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)