2005 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Ticer
Washington Area Housing Trust Fund

Item 111 #4s

Item 111 #4s

First Year - FY2005 Second Year - FY2006
Commerce And Trade
Housing and Community Development, Department of FY2005 $0 FY2006 $250,000 GF

Page 95, line 2, strike "$40,127,706" and insert "$40,377,706".

(This amendment provides $250,000 for the Washington Area Housing Trust Fund. The regional housing loan fund provides below-market interest rate predevelopment and interim development loans to nonprofit and for-profit affordable housing developers. In Virginia, the participating localities include the cities of Alexandria, Fairfax and Falls Church and the counties of Arlington, Loudoun, and Prince William. The requested funds would be used only for Virginia projects.)