All Roll Calls
Yes: 134 • No: 6
VirginiaHB17022025 Regular SessionHouse
Urban Public-Private Partnership Redevelopment Fund; funding requirements, report.
Sponsored By: David L. Bulova (Democratic)
Failed
Summary
Urban Public-Private Partnership Redevelopment Fund; funding requirements; report. Directs the Department of Housing and Community Development to develop criteria and guidelines for the use of funds from the Urban Public-Private Partnership Redevelopment Fund, including prioritizing grants to localities experiencing an above average or high level of fiscal stress as designated by the Commission on Local Government and localities experiencing a significant decrease in commercial real estate assessments. Under current law, the Board of Housing and Community Development is directed to develop guidelines for administration of the Fund. The bill expands the qualifying private entities available for partnership with a local government for the redevelopment of a local site, removes the existing $500,000 grant cap for such local government, and eliminates the requirement that each grant be conditioned upon a 100 percent match of funds by the local government. In addition, the bill requires the Department, on or before December 1 of each year, to submit a report to the Secretary of Commerce and Trade, the Governor, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations, including the number of projects funded and the costs of the Fund. Further, the bill repeals the Housing Revitalization Zone Act.As introduced, this bill was a recommendation of the Virginia Housing Commission.
Finance and Appropriations
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
David L. Bulova
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 2/11/2025
Passed by indefinitely in Finance and Appropriations
Yes: 15 • No: 0
House vote • 1/23/2025
Read third time and passed House
Yes: 90 • No: 6
House vote • 1/17/2025
Reported from Appropriations with substitute
Yes: 21 • No: 0
House vote • 1/15/2025
Subcommittee recommends reporting with substitute
Yes: 8 • No: 0 • Other: 1
Actions Timeline
Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
2/11/2025SenateReferred to Committee on Finance and Appropriations
1/24/2025SenateConstitutional reading dispensed (on 1st reading)
1/24/2025SenateFiscal Impact Statement from Department of Planning and Budget (HB1702)
1/23/2025HouseRead third time and passed House (90-Y 6-N)
1/23/2025HouseEngrossed by House - committee substitute
1/22/2025HouseAppropriations Substitute agreed to
1/22/2025HouseRead second time
1/22/2025HouseMoved from Uncontested Calendar to Regular Calendar
1/22/2025HouseRead first time
1/21/2025HouseReported from Appropriations with substitute (21-Y 0-N)
1/17/2025HouseFiscal Impact Statement from Department of Planning and Budget (HB1702)
1/17/2025HouseCommittee substitute printed 25105059D-H1
1/17/2025HouseSubcommittee recommends reporting with substitute (8-Y 0-N)
1/15/2025HouseAssigned Approps sub: Commerce Agriculture & Natural Resources
1/11/2025HouseReferred to Committee on Appropriations
1/4/2025HousePrefiled and ordered printed; Offered 01-08-2025 25103662D
1/4/2025House
Bill Text
Substitute
1/20/2025
Introduced
1/4/2025
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