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2020 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Murphy
HB 854 - Study on Incentives for Affordable Housing Development

Item 113 #3h

Item 113 #3h

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Housing and Community Development FY2021 $50,000 FY2022 $50,000 GF

Language
Page 96, line 13, strike "$128,060,089" and insert "$128,110,089".
Page 96, line 13, strike "$136,060,089" and insert "$136,110,089".

Page 97, after line 47, insert:

"J. Out of this appropriation, $50,000 in the first year and $50,000 in the second year from the general fund is provided to support a study on incentivizing the development of affordable housing in Virginia."



Explanation

(This amendment provides $50,000 in each year from the general fund pursuant to the passage of House Bill 854 in the 2020 General Assembly session, which directs the Department of Housing and Community Development to study ways to incentivize the development of affordable housing in Virginia.)