2015 Session

Budget Amendments - HB1400 (Conference Report)

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Housing Trust Fund and Rapid Rehousing

Item 103 #1c

Item 103 #1c

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Department of Housing and Community Development FY2015 $4,000,000 FY2016 $4,000,000 GF

Page 88, line 35, strike "$40,749,270" and insert "$44,749,270".
Page 88, line 35, strike "$214,026,376" and insert "$218,026,376".
Page 89, strike lines 44 and 45 and insert:
"H. Out of the amounts in this item, $1,000,000 in the second year from the general fund shall be provided for rapid re-housing efforts.  In keeping with the specific goals of the Balance of State Continuum of Care, $500,000 of this amount shall be focused on ensuring that no veteran is homeless or in a shelter for more than 30 days.  These funds shall be used to supplement other state and federal programs, shall be directed to areas throughout the state where federal funds are not available, and shall be used to serve those veterans ineligible for federal benefits.
I.1. Out of the amounts in this item, $4,000,000 the first year and $4,000,000 the second year from the general fund shall be deposited to the Virginia Housing Trust Fund, established pursuant to § 36.2-142 et seq., Code of Virginia.
2. As part of the plan required by § 36.2-142 E., Code of Virginia, the department shall also report on the impact of the loans and grants awarded through the fund, including but not limited to: (i) the number of affordable rental housing units repaired or newly constructed, (ii) the number of individuals receiving down payments and/or closing assistance, and (iii) the progress in reducing homelessness achieved by the additional support provided through the fund."

(This amendment focuses $500,000 of the $1.0 million provided for rapid rehousing on combatting veterans' homelessness, and adds $4.0 million each year for the Virginia Housing Trust Fund.)