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1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Diamonstein
Co-Patron(s): Almand, Hall, Stump, Williams
Virginia Housing Partnership Revolving Fund

Item 91 #2h

Item 91 #2h

First Year - FY1999 Second Year - FY2000
Commerce And Trade
Housing and Community Development, Department of FY1999 $3,000,000 FY2000 $3,000,000 GF

Language
Page 70, line 3, strike "$42,591,125" and insert "$45,591,125".
Page 70, line 3, strike "$42,381,125" and insert "$45,381,125".
Page 71, after line 11, insert:
"H.  The amounts for Housing Assistance Services include $3,000,000 the first year and $3,000,000 the second year from the general fund for the Virginia Housing Partnership Revolving Fund for projects to foster the development of affordable assisted living options for elderly and other Virginians in need of such services."


Explanation
(This amendment provides $6.0 million of general fund support for affordable assisted living options for the elderly and others in need of these services. The amendment is a recommendation of the Virginia Housing Study Commission, and is based on the Commission's two-year study of affordable assisted living options.)