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Preservation of affordable housing; definitions; civil penalty. Creates a framework for localities to preserve affordable housing by exercising a right of first refusal on publicly supported housing, defined in the bill. The bill authorizes localities to implement an ordinance that requires an owner to accept a right of first refusal offer by the locality or qualified designee, defined in the bill, in order to preserve affordable housing for at least 15 years. The bill requires that any locality adopting such an ordinance to preserve affordable housing submit an annual report to the Department of Housing and Community Development pursuant to existing law.
Introduced
Jan 7, 2025
Last Action
Apr 2, 2025
Session
VA 2025
Sponsors
1 primary · 31 co
House sustained Governor's veto
Vetoed by Governor
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 11, 2025
Signed by President
Bill text as passed House and Senate (HB1973ER)
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (HB1973)
Enrolled
Read third time
Passed Senate (21-Y 19-N)
Passed by for the day
Constitutional reading dispensed (on 2nd reading) (36-Y 0-N)
Passed by for the day
Rules suspended
Reported from General Laws and Technology (9-Y 6-N)
Referred to Committee on General Laws and Technology
Constitutional reading dispensed (on 1st reading)
Fiscal Impact Statement from Department of Planning and Budget (HB1973)
Read third time and passed House (50-Y 47-N)
Read second time
Engrossed by House - committee substitute
General Laws Substitute agreed to
Read first time
Reported from General Laws with substitute (12-Y 9-N)
Committee substitute printed 25105880D-H1
Subcommittee recommends reporting with substitute (5-Y 3-N)
Assigned GL sub: Housing/Consumer Protection
Fiscal Impact Statement from Department of Planning and Budget (HB1973)
Referred to Committee on General Laws
Prefiled and ordered printed; Offered 01-13-2025 25101114D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
House sustained Governor's veto
Elizabeth B. Bennett-Parker
Shelly A. Simonds
Bonita G. Anthony
Betsy B. Carr
Kelly K. Convirs-Fowler
Michael B. Feggans
Debra D. Gardner
Jackie H. Glass
C.E. Cliff Hayes, Jr.
Dan I. Helmer
Charniele L. Herring
Patrick A. Hope
Paul E. Krizek
Alfonso H. Lopez
Michelle Lopes Maldonado
Adele Y. McClure
Delores L. McQuinn
Candi Mundon King
Marcia S. "Cia" Price
Atoosa R. Reaser
Holly M. Seibold
Mark D. Sickles
Richard C. "Rip" Sullivan, Jr.
Kathy K.L. Tran
Vivian E. Watts