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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Krizek
Direct VHTF to Affordable Manufactured Housing (language only)

Item 114 #15h

Item 114 #15h

Commerce and Trade
Department of Housing and Community Development

Language

Page 97, after line 9, insert:

"3. Notwithstanding any provision of law, 10 percent of the annual funding provided in this paragraph shall be directed to building affordable manufactured housing."



Explanation

(This budget amendment requires DHCD to use 10% of the Virginia Housing Trust Fund on enabling the acquisition, stabilization and improvement of manufactured home parks. Manufactured homes, especially those located in manufactured home parks, are the only form of nonsubsidized affordable housing available for homeownership in Virginia. However, many of the manufactured home parks have fallen into disrepair, often through neglect of the investors who own them. In addition, more and more manufactured home parks in Virginia are being bought up by large out-of-state corporations that raise lot rents and add additional charges, putting undue financial strain on the families on low or fixed incomes who live there. By providing a source of funding for nonprofit housing providers and others committed to housing affordability to purchase and improve MH parks, this budget amendment will improve the lives of thousands of families living in these parks in Virginia.)