2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Subramanyam
Virginia Housing Trust Fund and Rental Relief

Item 114 #29h

Item 114 #29h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Housing and Community Development FY2023 $0 FY2024 $25,000,000 GF

Page 105, line 9, strike "$308,460,495" and insert "$333,460,495".

Page 105, line 54, after "and" strike "$75,000,000" and insert "$100,000,000".

Page 106, after line 22, insert:

"5. Notwithstanding the provisions of § 36-142, Code of Virginia, the department shall use $25,000,000 of these funds to provide rental assistance to individuals through the Virginia Rental Relief Program."


(This amendment provides $25.0 million in additional resources from the general fund for the Virginia Housing Trust Fund in fiscal year 2024, and directs these resources to continue the Virginia Rental Relief Program.)