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Purchase of development rights for affordable housing. Permits any local government to purchase development rights or accept the donation of development rights in an effort to preserve and provide affordable housing. The bill grants local governments the powers necessary to carry out the purchase of such development rights. The bill prohibits the conversion or diversion of such affordable housing once the development rights are purchased unless the local government determines that such diversion is essential to the development and growth of the locality and in accordance with the locality's comprehensive plan.
Introduced
Jan 9, 2024
Last Action
Nov 19, 2024
Session
VA 2025
Sponsors
1 primary · 2 co
Left in General Laws and Technology
Continued to 2025 in General Laws and Technology (15-Y 0-N)
Read third time
Rereferred to General Laws and Technology
Motion to rerefer to committee agreed to
Passed by for the day
Committee amendments agreed to
Reading of amendments waived
Read third time
Read third time
Passed by for the day
Constitutional reading dispensed (39-Y 0-N)
Reported from Local Government with amendments (9-Y 6-N)
Senate committee, floor amendments and substitutes offered
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Local Government
VOTE: Passage (85-Y 15-N)
Read third time and passed House (85-Y 15-N)
Read second time and engrossed
Read first time
Reported from Counties, Cities and Towns (19-Y 1-N)
Subcommittee recommends reporting (8-Y 0-N)
Assigned CC & T sub: Subcommittee #2
Referred to Committee on Counties, Cities and Towns
Prefiled and ordered printed; offered 01/10/24 24104341D
AI summaries for state legislation will be available once full text is ingested. Bill text for this state is being collected.
Left in General Laws and Technology
David L. Bulova
Alfonso H. Lopez
Elizabeth B. Bennett-Parker