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2018 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Howell
Co-Patron(s): Deeds, Hanger
Virginia Housing Trust Fund

Item 105 #1s

Item 105 #1s

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Department of Housing and Community Development FY2019 $4,500,000 FY2020 $4,500,000 GF

Language
Page 86, line 1, strike "$66,402,939" and insert "$70,902,939".
Page 86, line 1, strike "$68,069,605" and insert "$72,569,605".

Page 86, line 44, strike "$5,500,000 the first year and $5,500,000 the second year" and insert "$10,000,000 the first year and $10,000,000 the second year".



Explanation

(This amendment would increase deposits to the Virginia Housing Trust Fund by $4.5 million GF each year, bringing the total to $10.0 million GF each year. Additional funding would help to increase available rental housing with capital investment such that people with serious mental illness can access affordable housing through Permanent Supportive Housing programs. This is a recommendation of the SJR 47 Joint Subcommittee to Study Mental Health Services in the 21st Century.)