2020 Session

Budget Amendments - SB30 (Committee Approved)

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Affordable Housing Pilot Program

Item 113 #4s

Item 113 #4s

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Housing and Community Development FY2021 $2,000,000 FY2022 $0 GF

Page 96, line 13, strike "$128,060,089" and insert "$130,060,089".

Page 97, after line 47, insert:

"J. Out of the amounts in this Item, $2,000,000 the first year from the general fund is provided to establish an affordable housing pilot program in the City of Falls Church, for the purpose of providing grants or loans for the development or preservation of affordable housing units for individuals and families meeting income requirements. The department, with the cooperation of the Virginia Housing Development Authority, shall develop guidelines and procedures for administering the pilot program."  


(This amendment establishes an affordable housing pilot program for the City of Falls Church to be administered by the Department of Housing and Community Development.)