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HB 810

  • Virginia House Bill
  • 2020 Regular Session
  • Introduced in House Jan 07, 2020
  • Passed House Jan 27, 2020
  • Passed Senate Feb 24, 2020
  • Governor

Virginia housing opportunity tax credit program; VHDA, et al., to develop.

Abstract

Department of Housing and Community Development and the Virginia Housing Development Authority; stakeholder advisory group; Virginia housing opportunity tax credit program. Directs the Department of Housing and Community Development and the Virginia Housing Development Authority to convene a stakeholder advisory group to develop draft legislation establishing a Virginia housing opportunity tax credit program for the purpose of providing incentives for the utilization of private equity in the development and construction of affordable housing in the Commonwealth and regulations for implementing such program. The stakeholder advisory group shall also conduct financial modeling to determine the fiscal impact to the Commonwealth of various levels of funding for a Virginia housing opportunity tax credit. The stakeholder advisory group shall determine the most effective and efficient way to administer the program in conjunction with the federal Low-Income Housing Tax Credit Program. The stakeholder advisory group shall report its recommendations to the Governor, the Secretary of Commerce and Trade, the Director of the Department of Housing and Community Development, and the commissioners of the Virginia Housing Development Authority by September 1, 2020.

Bill Sponsors (1)

Jeffrey M. Bourne

  • Democratic
  • lower
  • 71
Primary

Votes


Actions


Mar 31, 2020

Office of the Governor

Approved by Governor-Chapter 517 (effective 7/1/20)

Mar 11, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2020

House

Enrolled Bill communicated to Governor on March 11, 2020

Mar 02, 2020

Senate

Signed by President

Feb 28, 2020

House

Signed by Speaker

House

Impact statement from DPB (HB810ER)

House

Enrolled

Feb 24, 2020

Senate

Passed Senate (40-Y 0-N)

Senate

Read third time

Feb 21, 2020

Senate

Constitutional reading dispensed (32-Y 0-N)

Feb 19, 2020

Senate

Reported from General Laws and Technology (14-Y 0-N)

Jan 28, 2020

Senate

Referred to Committee on General Laws and Technology

Senate

Constitutional reading dispensed

Jan 27, 2020

House

VOTE: Passage (83-Y 16-N)

House

Read third time and passed House (83-Y 16-N)

Jan 24, 2020

House

Read second time and engrossed

Jan 23, 2020

House

Read first time

Jan 21, 2020

House

Impact statement from DPB (HB810)

House

Reported from General Laws (21-Y 1-N)

Jan 16, 2020

House

Subcommittee recommends reporting (8-Y 0-N)

Jan 15, 2020

House

Assigned GL sub: Housing/Consumer Protection

Jan 07, 2020

House

Referred to Committee on General Laws

House

Prefiled and ordered printed; offered 01/08/20 20104985D

Bill Text

Bill Text Versions Format
Impact statement from DPB (HB810) HTML
Bill text as passed House and Senate (HB810ER) HTML
Acts of Assembly Chapter text (CHAP0517) HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated nightly from the official website of the Virginia General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.