VirginiaSB13442025 Regular SessionSenate

Virginia Housing Trust Fund; creation and management.

Sponsored By: Emily M. Jordan (Republican)

Failed

Summary

Virginia Housing Trust Fund; creation and management. Provides that the Department of Housing and Community Development (the Department) shall use at least 65 percent of the moneys from the Virginia Housing Trust Fund (the Fund) to provide flexible financing for low-interest loans through eligible organizations and up to 35 percent of the moneys from the Fund to provide grants through eligible organizations for targeted efforts to reduce homelessness. Under current law, the Department is required to use at least 80 percent of the moneys from the Fund to provide flexible financing for low-interest loans and up to 20 percent of the moneys from the Fund to provide grants for targeted efforts to reduce homelessness.

General Laws and Technology

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Emily M. Jordan

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote • 1/29/2025

Passed by indefinitely in General Laws and Technology with letter

Yes: 15 • No: 0

Actions Timeline

  1. Passed by indefinitely in General Laws and Technology with letter (15-Y 0-N)

    1/29/2025Senate
  2. Fiscal Impact Statement from Department of Planning and Budget (SB1344)

    1/24/2025Senate
  3. Referred to Committee on General Laws and Technology

    1/13/2025Senate
  4. Prefiled and ordered printed; Offered 01-13-2025 25101749D

    1/13/2025Senate

Bill Text

Related Bills

Back to State Legislation