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2025 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: Carr
Increase Funding for Virginia Main Street Program

Item 103 #3h

Item 103 #3h

First Year - FY2025 Second Year - FY2026
Commerce and Trade
Department of Housing and Community Development FY2025 $0 FY2026 $1,600,000 GF

Language
Page 111, line 49, strike "$81,477,325" and insert "$83,077,325".

Page 114, line 14, strike second "$500,000" and insert "$2,100,000".

Page 114, line 16, after "activity" insert:

"The department may use up to ten percent of the amounts provided in this paragraph for program administration."



Explanation

(This amendment provides $1.6 million to increase the funding for the Main Street Program to $2.1 million, and it increases the percentage for administrative funding to support the largest single round of designations in the program's history. The communities at the two highest levels of participation have increased 78.0 percent since 2022 necessitating greater administrative flexibility.)