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2001 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Ticer
VA Housing Partnership Fund

Item 106 #1s

Item 106 #1s

First Year - FY2001 Second Year - FY2002
Commerce and Trade
Housing and Community Development, Department of FY2001 $0 FY2002 $15,000,000 GF

Language
Page 93, line 18, strike "$41,654,312" and insert "$56,654,312".
Page 93, line 49, after "and" insert "$15,000,000 the second year from the general fund and".


Explanation
(This amendment restores general fund support of $15.0 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.)