2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Hayes
First-time Homeowners Pilot Program

Item 114 #9h

Item 114 #9h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Housing and Community Development FY2023 $0 FY2024 $4,000,000 GF

Page 105, line 9, strike "$308,460,495" and insert "$312,460,495".

Page 109, after line 14, insert:

"P. Out of this appropriation, $4,000,000 the second year from the general fund is provided for the department to establish a pilot program to increase options for first-time homeowners in the Hampton Roads Planning District Commission. The department shall invest in nonprofits through a competitive grant process to fill project fund gaps after the application of other federal and state sources are exhausted for projects. No home built with  these funds shall exceed $200,000. Residents benefiting from the homes produced by this pilot shall have a household income at or below 80% of Area Median Income with a priority for first-time homebuyers currently residing in public housing or utilizing a federal, state or local housing voucher for their rent."


(This amendment creates a pilot program to provide grants to nonprofits in the Hampton Roads Planning District Commission to build homes at or below $200,000 for first-time home buyers.)