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Virginia Housing Trust Fund; geographic equity impact assessment. Requires the Department of Housing and Community Development to conduct an annual geographic equity assessment (GEIA) to identify distressed localities that have historically received less investment for housing and economic development. The bill provides that, of the 80 percent of moneys from the Virginia Housing Trust used to provide flexible financing for low-interest loans, no more than 20 percent shall be allocated to a single locality unless such locality has been identified as underserved in the most recent GEIA.
Introduced
Jan 7, 2025
Last Action
Feb 11, 2025
Session
VA 2025
Sponsors
1 primary · 4 co
Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed (on 1st reading)
Fiscal Impact Statement from Department of Planning and Budget (HB2048)
Read third time and passed House (54-Y 44-N)
Finance Substitute rejected
Engrossed by House - committee substitute
Appropriations Substitute agreed to
Read second time
Read first time
Committee substitute printed 25106592D-H2
Reported from Appropriations with substitute (14-Y 8-N)
Assigned Approps sub: Commerce Agriculture & Natural Resources
Committee substitute printed 25105644D-H1
Reported from Finance with substitute and referred to Appropriations (12-Y 10-N)
Subcommittee recommends reporting with substitute and referring to Appropriations (5-Y 2-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2048)
Assigned Finance sub: Subcommittee #2
Referred to Committee on Finance
Prefiled and ordered printed; Offered 01-13-2025 25102691D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
Bonita G. Anthony