2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Marsden
Increase Funding for the Virginia Housing Trust Fund

Item 114 #12s

Item 114 #12s

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Housing and Community Development FY2023 $0 FY2024 $75,000,000 GF

Page 105, line 9, strike "$308,460,495" and insert "$383,460,495".


(This amendment provides an additional $75.0 million GF in the second year to support the Virginia Housing Trust Fund (VHTF). The VHTF assists local and regional efforts in creating and preserving affordable housing. At least 80 percent of the VHTF provides financing to housing construction projects creating or preserving affordable units for special needs populations.)