HB 2048

  • Virginia House Bill
  • 2025 Regular Session
  • Introduced in House Jan 07, 2025
  • Passed House Feb 04, 2025
  • Senate
  • Governor

Virginia Housing Trust Fund; geographic equity impact assessment.

Abstract

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 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.

A BILL to amend and reenact § 36-142 of the Code of Virginia, relating to Virginia Housing Trust Fund; geographic equity impact assessment.

Bill Sponsors (5)

Votes


Actions


Feb 11, 2025

Senate

Passed by indefinitely in Finance and Appropriations (15-Y 0-N)

Feb 05, 2025

Senate

Referred to Committee on Finance and Appropriations

Senate

Constitutional reading dispensed (on 1st reading)

Feb 04, 2025

House

Fiscal Impact Statement from Department of Planning and Budget (HB2048)

House

Read third time and passed House (54-Y 44-N)

Feb 03, 2025

House

Finance Substitute rejected

House

Engrossed by House - committee substitute

House

Appropriations Substitute agreed to

House

Read second time

Feb 02, 2025

House

Read first time

Jan 31, 2025

House

Committee substitute printed 25106592D-H2

House

Reported from Appropriations with substitute (14-Y 8-N)

Jan 30, 2025

House

Assigned Approps sub: Commerce Agriculture & Natural Resources

Jan 29, 2025

House

Committee substitute printed 25105644D-H1

House

Reported from Finance with substitute and referred to Appropriations (12-Y 10-N)

Jan 28, 2025

House

Subcommittee recommends reporting with substitute and referring to Appropriations (5-Y 2-N)

Jan 22, 2025

House

Fiscal Impact Statement from Department of Planning and Budget (HB2048)

Jan 20, 2025

House

Assigned Finance sub: Subcommittee #2

Jan 07, 2025

House

Referred to Committee on Finance

House

Prefiled and ordered printed; Offered 01-13-2025 25102691D

Bill Text

Bill Text Versions Format
Appropriations Substitute HTML PDF
Finance Substitute HTML PDF
Introduced HTML PDF

Related Documents

Document Format
Fiscal Impact Statement from Department of Planning and Budget (HB2048) PDF PDF

Sources

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