2007 Session

Budget Amendments - HB1650 (Member Request)

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Chief Patron: Amundson
Washington Area Housing Trust Fund

Item 481 #144h

Item 481 #144h

First Year - FY2007 Second Year - FY2008
Nonstate Agencies
State Grants to Nonstate Entities-Nonstate Agencies FY2007 $0 FY2008 $450,000 GF

Page 515, line 5, strike "$7,510,000" and insert "$7,960,000".
Page 521, line 32, strike "50,000   0" and  insert "$50,000   $450,000".

(This amendment provides $450,000 the second year from the general fund to Washington Area Housing Trust Fund to provide seed capital for a Northern Virginia loan poool. The $5 million pool would be used for a variety of lending needs including predevelopment and acquisition funding to help preserve or create 3,000 much-needed affordable homes.)