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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Taylor
Historic Blighted Property in the City of Petersburg

Item 115 #2h

Item 115 #2h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Housing and Community Development FY2023 $3,000,000 FY2024 $0 GF

Language
Page 97, line 53, strike "$138,480,442" and insert "$141,480,442".

Page 103, after line 4, insert:

"T. Out of this appropriation, $3,000,000 in the first year from the general fund is provided for the Department of Housing and Community Development to create a revolving loan fund for residents of the city of Petersburg that are ineligible for historic tax credits, and other home revitalization financial tax credits to receive assistance to revitalize their residential property in the city limits."



Explanation

(This amendment provides $3 million in the first year from the general fund for the Department of Housing and Community Development to create a revolving loan fund for residents of Petersburg to revitalize their historic homes.)