VirginiaHB15982025 Regular SessionHouse

First-time Homebuyer Grant Program; established.

Sponsored By: Joshua G. Cole (Democratic)

Failed

Summary

First-time Homebuyer Grant Program. Establishes a First-time Homebuyer Grant Program for the purpose of assisting first-time homebuyers with first-time homebuyer expenses, as those terms are defined in the bill. The bill provides that the Department of Housing and Community Development shall award eligible first-time homebuyers a grant in an amount equal to five percent of such expenses incurred during a calendar year, not to exceed $10,000. Any grant awarded pursuant to the Program shall be repaid to the Commonwealth if the property for which expenses were incurred is sold within three years from the purchase date, unless the sale is made following a natural disaster or other act of God.

Finance and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Joshua G. Cole

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 92 • No: 71

Senate vote • 2/11/2025

Passed by indefinitely in Finance and Appropriations

Yes: 12 • No: 1 • Other: 2

House vote • 2/4/2025

Read third time and passed House

Yes: 52 • No: 47

House vote • 1/31/2025

Reported from Appropriations with substitute

Yes: 12 • No: 10

House vote • 1/29/2025

Reported from Finance and referred to Appropriations

Yes: 11 • No: 10

House vote • 1/27/2025

Subcommittee recommends reporting and referring to Appropriations

Yes: 5 • No: 3

Actions Timeline

  1. Passed by indefinitely in Finance and Appropriations (12-Y 1-N 2-A)

    2/11/2025Senate
  2. Referred to Committee on Finance and Appropriations

    2/5/2025Senate
  3. Constitutional reading dispensed (on 1st reading)

    2/5/2025Senate
  4. Read third time and passed House (52-Y 47-N)

    2/4/2025House
  5. Engrossed by House - committee substitute

    2/3/2025House
  6. Appropriations Substitute agreed to

    2/3/2025House
  7. Read second time

    2/3/2025House
  8. Read first time

    2/2/2025House
  9. Committee substitute printed 25106520D-H1

    1/31/2025House
  10. Reported from Appropriations with substitute (12-Y 10-N)

    1/31/2025House
  11. Reported from Finance and referred to Appropriations (11-Y 10-N)

    1/29/2025House
  12. Assigned Approps sub: Commerce Agriculture & Natural Resources

    1/29/2025House
  13. Subcommittee recommends reporting and referring to Appropriations (5-Y 3-N)

    1/27/2025House
  14. Assigned Finance sub: Subcommittee #3

    1/25/2025House
  15. Impact statement from TAX (HB1598)

    1/24/2025House
  16. Assigned Finance sub: Subcommittee #2

    1/24/2025House
  17. Referred to Committee on Finance

    1/3/2025House
  18. Prefiled and ordered printed; Offered 01-13-2025 25102857D

    1/3/2025House

Bill Text

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