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2001 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Whipple
VA Housing Partnership Fund

Item 106 #5s

Item 106 #5s

First Year - FY2001 Second Year - FY2002
Commerce and Trade
Housing and Community Development, Department of FY2001 $13,000,000 FY2002 $13,000,000 GF

Language
Page 93, line 18, strike "$41,846,118" and insert "$54,846,118".
Page 93, line 18, strike "$41,654,312" and insert "$54,654,312".
Page 93, line 48 after "include", insert "$13,000,000 from the general fund and".
Page 93, line 49 after "and", insert "$13,000,000 from the general fund and".


Explanation
(This amendment restores general fund support of $13.0 million for the Virginia Housing Partnership Revolving Fund for each year of the biennium. 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.)