Josh Cole
- Democratic
- Delegate
- District 65
Primary
First-time Homebuyer Grant Program. Establishes a First-time Homebuyer Grant Program for the purpose of assisting first-time homebuyers with first-time homebuyer expenses, as those terms are defined in the bill. The bill provides that the Department of Housing and Community Development shall award eligible first-time homebuyers a grant in an amount equal to five percent of such expenses incurred during a calendar year, not to exceed $10,000. Any grant awarded pursuant to the Program shall be repaid to the Commonwealth if the property for which expenses were incurred is sold within three years from the purchase date, unless the sale is made following a natural disaster or other act of God.
A BILL to amend the Code of Virginia by adding in Chapter 8 of Title 36 a section numbered 36-140.02, relating to First-Time Homebuyer Grant Program.
Passed by indefinitely in Finance and Appropriations (12-Y 1-N 2-A)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Finance and Appropriations
Read third time and passed House (52-Y 47-N)
Engrossed by House - committee substitute
Appropriations Substitute agreed to
Read second time
Read first time
Committee substitute printed 25106520D-H1
Reported from Appropriations with substitute (12-Y 10-N)
Assigned Approps sub: Commerce Agriculture & Natural Resources
Reported from Finance and referred to Appropriations (11-Y 10-N)
Subcommittee recommends reporting and referring to Appropriations (5-Y 3-N)
Assigned Finance sub: Subcommittee #3
Impact statement from TAX (HB1598)
Assigned Finance sub: Subcommittee #2
Referred to Committee on Finance
Prefiled and ordered printed; Offered 01-13-2025 25102857D
| Bill Text Versions | Format |
|---|---|
| Appropriations Substitute | HTML PDF |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Impact statement from TAX (HB1598) |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.