2005 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Howell
Co-Patron(s): Hanger, Hawkins, Lambert, Miller Y., Puller, Saslaw, Wampler, Whipple
Rental Assistance Pilot Program

Item 110 #9s

Item 110 #9s

First Year - FY2005 Second Year - FY2006
Commerce And Trade
Housing and Community Development, Department of FY2005 $0 FY2006 $2,300,000 GF

Page 93, line 45, strike "$46,548,692" and insert "$48,848,692".
Page 94, after line 54, insert:
"F.  Of this appropriation, $2.3 million from the general fund the second year is for the Rental Housing Assistance Program, a pilot program that provides low-income families with up to twelve months of rental assistance."

(This amendment provides $2.3 million from the general fund the second year for a pilot program that would provide up to 12 months of rental assistance for low-income Virginians through the Homeless Intervention Program. The amount of the subsidy payment is the difference between the fair market rent of the community and 30 percent of the family's income. It is estimated that more than 400 Virginia families would be served through the program.)