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2022 Session

Budget Amendments - SB30 (Committee Approved)

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Virginia Housing Stability Fund (language only)

Item 114 #2s

Item 114 #2s

Commerce and Trade
Department of Housing and Community Development

Language

Page 97, after line 52, insert:

"K. The Department of Housing and Community Development shall convene a stakeholder workgroup to develop model guidelines for the creation of a program to provide long-term rental assistance to low-income, very low-income, and extremely low-income renters to enable them to afford housing costing 30 percent of their income. In developing guidelines for the program, the department shall ensure, at a minimum, that the program pays the difference between full rent and 30 percent of household income. The stakeholder workgroup shall consist of housing developers, homeless services providers, housing providers, landlords, tenants, tenant advocates, and others to develop recommendations for the program. The stakeholder group shall complete its work and issue a report with recommendations to the Senate Finance and Appropriations and the House Appropriations Committees no later than November 30, 2022.”



Explanation

(This amendment establishes a stakeholder workgroup to develop model guidelines for a program to provide long-term rental assistance to low-income, very low-income, and extremely low-income renters to enable them to afford housing costing 30 percent of their income.)