2000 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Diamonstein
Co-Patron(s): Almand
VA Housing Partnership Fund

Item 106 #1h

Item 106 #1h

First Year - FY2001 Second Year - FY2002
Commerce And Trade
Housing and Community Development, Department of FY2001 $20,000,000 FY2002 $0 GF

Page 68, line 42, strike "$36,212,898" and insert "$56,212,898".
Page 69, line 20, strike "B." and insert "B.1."
Page 69, line 21, after "include" insert:
"$20,000,000 the first year from the general fund to support Virginia Housing Partnership Revolving Fund programs and".
Page 69, after line 24, insert:
"2.  Of the amounts in this Item, $5,000,000 the first year from the general fund shall be designated for housing programs for Virginians with mental disabilities."

(This amendment restores general fund support of $20.0 million for the Virginia Housing Partnership Revolving Fund. The Fund provides loans and grants to finance the development or rehabilitation of single-family, multi-family, congregate, and single-room occupancy housing. The Fund's purpose is to provide affordable homeownership and rental opportunities for low- and moderate-income Virginians.)