# Virginia HB1702: Urban Public-Private Partnership Redevelopment Fund; funding requirements, report.

Virginia HB1702, Urban Public-Private Partnership Redevelopment Fund; funding requirements, report., is a 2025 Regular Session House bill sponsored by David L. Bulova (Democratic); status failed, last action 2025-02-11 (Passed by indefinitely in Finance and Appropriations (15-Y 0-N)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-HB1702-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB1702
- State: Virginia
- Session: 2025 Regular Session
- Title: Urban Public-Private Partnership Redevelopment Fund; funding requirements, report.
- Status: failed
- Chamber: House
- Introduced: 2025-01-04
- Last action: 2025-02-11, Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
- Sponsor: David L. Bulova (Democratic)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 4 (134 yes, 6 no in all)
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: David L. Bulova (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-02-11 | Senate | Passed by indefinitely in Finance and Appropriations | pass | 15 | 0 |   |
| 2025-01-23 | House | Read third time and passed House | pass | 90 | 6 |   |
| 2025-01-17 | House | Reported from Appropriations with substitute | pass | 21 | 0 |   |
| 2025-01-15 | House | Subcommittee recommends reporting with substitute | pass | 8 | 0 | 1 |

## Actions (17)

- 2025-02-11: Passed by indefinitely in Finance and Appropriations (15-Y 0-N) (Senate)
- 2025-01-24: Referred to Committee on Finance and Appropriations (Senate)
- 2025-01-24: Constitutional reading dispensed (on 1st reading) (Senate)
- 2025-01-23: Fiscal Impact Statement from Department of Planning and Budget (HB1702) (House)
- 2025-01-23: Read third time and passed House (90-Y 6-N) (House)
- 2025-01-22: Engrossed by House - committee substitute (House)
- 2025-01-22: Appropriations Substitute agreed to (House)
- 2025-01-22: Read second time (House)
- 2025-01-22: Moved from Uncontested Calendar to Regular Calendar (House)
- 2025-01-21: Read first time (House)
- 2025-01-17: Reported from Appropriations with substitute (21-Y 0-N) (House)
- 2025-01-17: Fiscal Impact Statement from Department of Planning and Budget (HB1702) (House)
- 2025-01-17: Committee substitute printed 25105059D-H1 (House)
- 2025-01-15: Subcommittee recommends reporting with substitute (8-Y 0-N) (House)
- 2025-01-11: Assigned Approps sub: Commerce Agriculture & Natural Resources (House)
- 2025-01-04: Referred to Committee on Appropriations (House)
- 2025-01-04: Prefiled and ordered printed; Offered 01-08-2025 25103662D (House)

## Bill text

- Substitute, 2025-01-20: [HTML](https://lis.blob.core.windows.net/files/1020960.HTML), [PDF](https://lis.blob.core.windows.net/files/1020959.PDF)
- Introduced, 2025-01-04: [HTML](https://lis.blob.core.windows.net/files/1012696.HTML), [PDF](https://lis.blob.core.windows.net/files/1012695.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1020960.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1020959.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1012696.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1012695.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB1702-2025 (as of 2026-10-17).