VirginiaSB2852026 Regular SessionSenateWALLET

Urban Public-Private Partnership Redevelopment grant program; Board of HCD to review, etc.

Sponsored By: Lashrecse D. Aird (Democratic)

Became Law

Summary

Department of Housing and Community Development; administration of Urban Public-Private Partnership Redevelopment grant program; report. Directs the Department of Housing and Community Development to review and develop criteria and guidelines for the administration of the Urban Public-Private Partnership Redevelopment grant program in consultation with the Virginia Association of Counties, the Virginia First Cities Coalition, the Virginia Municipal League, and the Virginia Economic Developers Association. The bill requires such criteria to include (i) award prioritization for (a) localities experiencing an above average and high level of fiscal stress as designated by the Commission on Local Government in its most recent Report on Comparative Revenue Capacity, Revenue Effort, and Fiscal Stress of Virginia's Cities and Counties and (b) localities experiencing a significant decrease in commercial real estate assessments and (ii) the amount and type of local matches with consideration of both monetary and non-monetary contribution requirements. The bill requires the Director of the Department to report the Department's findings to the Chairs of the Senate Committee on Finance and Appropriations, the Senate Committee on General Laws and Technology, the House Committee on Appropriations, and the House Committee on General Laws no later than November 1, 2026.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Urban redevelopment grants favor stressed localities

The Board of Housing and Community Development now sets rules for the Urban Public‑Private Partnership Redevelopment grants. The Board must consult with the Virginia Association of Counties, the Virginia First Cities Coalition, the Virginia Municipal League, and the Virginia Economic Developers Association. Awards must prioritize localities marked as above‑average or high fiscal stress in the state’s most recent report, and that see significant drops in commercial property assessments. The Board chair must report findings and the criteria to Senate and House committees by November 1, 2026. This law does not set award amounts or add funding.

Local match rules for redevelopment grants

The Board must set how much local governments or applicants must match for these grants. The rules can count both money and non‑money contributions as matches. The law does not set exact match percentages or dollar amounts.

Sponsors & Cosponsors

Sponsor

  • Lashrecse D. Aird

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 383 • No: 2

House vote 4/22/2026

House concurred in Governor's recommendation

Yes: 95 • No: 2

Senate vote 4/22/2026

Senate concurred in Governor's recommendation

Yes: 39 • No: 0

House vote 3/12/2026

Passed House Block Vote

Yes: 96 • No: 0

House vote 3/9/2026

Reported from Appropriations

Yes: 22 • No: 0

House vote 3/6/2026

Reported from Rules and referred to Appropriations

Yes: 18 • No: 0

House vote 3/2/2026

Subcommittee recommends reporting and referring to Appropriations

Yes: 5 • No: 0

Senate vote 2/2/2026

Read third time and passed Senate Block Vote

Yes: 40 • No: 0

Senate vote 1/30/2026

Engrossed by Senate Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote 1/30/2026

Finance and Appropriations Substitute agreed to

Yes: 0 • No: 0

Senate vote 1/29/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote 1/29/2026

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 40 • No: 0

Senate vote 1/28/2026

Reported from Finance and Appropriations with substitute

Yes: 13 • No: 0

Senate vote 1/19/2026

Reported from Local Government and rereferred to Finance and Appropriations

Yes: 15 • No: 0

Actions Timeline

  1. House concurred in Governor's recommendation (95-Y 2-N 0-A)

    4/22/2026House
  2. Senate concurred in Governor's recommendation (39-Y 0-N 0-A)

    4/22/2026Senate
  3. Acts of Assembly Chapter text (CHAP1001)

    4/22/2026Governor
  4. Reenrolled bill text (SB285ER2)

    4/22/2026Senate
  5. Reenrolled

    4/22/2026Senate
  6. Approved by Governor-Chapter 1001 (effective 7/1/2026)

    4/22/2026Governor
  7. Signed by President

    4/22/2026Senate
  8. Signed by Speaker

    4/22/2026House
  9. Governor's recommendation adopted

    4/22/2026Governor
  10. Governor's recommendation received by Senate

    4/11/2026Governor
  11. Fiscal Impact Statement from Department of Planning and Budget (SB285)

    4/1/2026Senate
  12. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/31/2026Governor
  13. Enrolled Bill communicated to Governor on March 31, 2026

    3/31/2026Senate
  14. Signed by Speaker

    3/31/2026House
  15. Bill text as passed Senate and House (SB285ER)

    3/30/2026Senate
  16. Enrolled

    3/30/2026Senate
  17. Signed by President

    3/30/2026Senate
  18. Passed House Block Vote (96-Y 0-N 0-A)

    3/12/2026House
  19. Read third time

    3/12/2026House
  20. Read second time

    3/11/2026House
  21. Reported from Appropriations (22-Y 0-N)

    3/9/2026House
  22. Reported from Rules and referred to Appropriations (18-Y 0-N)

    3/6/2026House
  23. Subcommittee recommends reporting and referring to Appropriations (5-Y 0-N)

    3/2/2026House
  24. Assigned HRUL sub: Studies Subcommittee

    3/1/2026House
  25. Referred to Committee on Rules

    2/5/2026House

Bill Text

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