Menu
2006 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Scott, J.M.
Housing Partnership Fund

Item 103 #3h

Item 103 #3h

First Year - FY2007 Second Year - FY2008
Commerce And Trade
Housing and Community Development, Department of FY2007 $3,000,000 FY2008 $3,000,000 GF

Language
Page 81, line 20, strike "$47,705,638" and insert "$50,705,638".
Page 81, line 20, strike "$47,705,638" and insert "$50,705,638".
Page 82, after line 17, insert:
"E. The amounts for Housing Assistance Services include $3,000,000 in the first year and $3,000,000 in the second year from the general fund to begin recapitalizing the Virginia Housing Partnership Revolving Fund."


Explanation
(This amendment provides $3,000,000 each year from the general fund for the Virginia Housing Partnership Revolving Fund. The balances in this fund were sold to the Virginia Housing Development Authority in 2003, thereby reducing funding available to DHCD to make low and moderate income housing loans and grants.)