HB2048
Virginia Housing Trust Fund; geographic equity impact assessment.
Summary
As Passed House of Origin. Virginia Housing Trust Fund; geographic equity impact assessment.
Requires the Department of Housing and Community Development to conduct an annual geographic equity assessment (GEIA) to identify distressed localities that have historically received less investment for housing and economic development. The bill provides that, of the 80 percent of moneys from the Virginia Housing Trust used to provide flexible ... (More) financing for low-interest loans, no more than 20 percent shall be allocated to a single locality unless such locality has been identified as underserved in the most recent GEIA. (Less)-
Bill History
- 01/07/2025 - House: Prefiled and ordered printed; Offered 01-13-2025 25102691D
- 01/07/2025 - House: Referred to Committee on Finance
- 01/20/2025 - House: Assigned Finance sub: Subcommittee #2
- 01/20/2025 - House: Placed on Finance Agenda
- 01/22/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2048)
- 01/25/2025 - House: Placed on Finance Agenda
- 01/28/2025 - House: Subcommittee recommends reporting with substitute and referring to Appropriations (5-Y 2-N)
- 01/28/2025 - House: Placed on Finance Agenda
- 01/29/2025 - House: Reported from Finance with substitute and referred to Appropriations (12-Y 10-N)
- 01/29/2025 - House: Committee substitute printed 25105644D-H1
- 01/29/2025 - House: Referred to Committee on Appropriations
- 01/30/2025 - House: Assigned Approps sub: Commerce Agriculture & Natural Resources
- 01/30/2025 - House: Placed on Appropriations Agenda
- 01/31/2025 - House: Reported from Appropriations with substitute (14-Y 8-N)
- 01/31/2025 - House: Committee substitute printed 25106592D-H2
- 02/02/2025 - House: Read first time
- 02/03/2025 - House: Read second time
- 02/03/2025 - House: Finance Substitute rejected
- 02/03/2025 - House: Appropriations Substitute agreed to
- 02/03/2025 - House: Engrossed by House - committee substitute
- 02/04/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2048)
- 02/04/2025 - House: Read third time and passed House (54-Y 44-N) Close Floor Vote
- 02/05/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/05/2025 - Senate: Referred to Committee on Finance and Appropriations
- 02/11/2025 - Senate: Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
