2006 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Moran
Co-Patron(s): Amundson, Brink, Bulova, Caputo, Ebbin, Eisenberg, Englin, Marsden, Scott, J.M., Sickles, Watts
Washington Area Housing Trust Fund

Item 481 #125h

Item 481 #125h

First Year - FY2007 Second Year - FY2008
Nonstate Agencies
State Grants to Nonstate Entities-Nonstate Agencies FY2007 $250,000 FY2008 $250,000 GF

Page 418, line 4, strike "$19,210,000" and insert "$19,460,000".
Page 418, line 4, strike "$600,000" and insert "$850,000".
Page 419, after line 49, insert:
"Washington Area Housing Trust Fund     250,000      250,000".

(This amendment provides $250,000 the first year and $250,000 the second year from the general fund to the Washington Area Housing Trust Fund for loan capital to provide early short term loans to help address the critical shortage of affordable housing in Northern Virginia. None of the requested funding would be used to support the organization's operating costs. Commonwealth funding will help leverage additional contributions from financial institutions.)