2003 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Howell
Rental Assistance Housing Program

Item 111 #1s

Item 111 #1s

First Year - FY2003 Second Year - FY2004
Commerce and Trade
Housing and Community Development, Department of FY2003 $0 FY2004 $7,600,000 NGF

Page 94, line 6, strike "$44,569,040" and insert "$52,169,040".
Page 95, after line 53, insert:
"H.  Of this appropriation, $7.6 million the second year from the federal Temporary Assistance to Needy Families (TANF) block grant shall be used to establish the Rental Housing Assistance Program to provide low-income individuals with up to twelve months of rental assistance."

(This amendment provides $7.6 million from federal funds to provide up to 12 months of rental assistance to low-income Virginians through the state-funded Homeless Intervention Program. An estimated 1,500 Virginia families could be assisted. The subsidy would be the difference between the Fair Market Rent of a community and a family's housing budget (30 percent of income).)