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1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Almand
Co-Patron(s): Callahan, Diamonstein, Hall, Van Yahres
Housing Partnership

Item 91 #5h

Item 91 #5h

First Year - FY1999 Second Year - FY2000
Commerce And Trade
Housing and Community Development, Department of FY1999 $0 FY2000 $9,000,000 GF

Language
Page 70, line 3, strike "$42,381,125" and insert "$51,381,125".
Page 71, after line 11, insert:  
"H. The amounts for Housing Assistance Services include $9,000,000 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.  Of these amounts, $3,000,000 shall be used for housing rehabilitation, $3,000,000 for multifamily projects and $3,000,000 for congregate or assisted living housing."


Explanation
(This amendment provides $9.0 million of general fund support for housing rehabilitation, multifamily projects and congregate or assisted living housing services.)