Virginia House Bill 1152 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2010 - 25% progression, died in chamber
Action: 2010-02-11 - House: Passed by in General Laws with letter by voice vote
Text: Latest bill text (Prefiled) [HTML]

Foreclosure of affordable dwelling units. Provides a redevelopment and housing authority administering a properly established affordable dwelling unit program with the opportunity to, and exclusive right to, purchase an affordable dwelling unit at a foreclosure sale for an amount not to exceed the maximum controlled sales price of the unit. In localities that have not established a redevelopment and housing authority, the local governing body may exercise the exclusive right to purchase. Under the bill, the exclusive right to purchase would be applicable only if the affordable dwelling unit is subject to restrictive covenants recorded in the circuit court land records prior to the deed of trust proposed for the foreclosure. In addition, the covenants and applicable zoning ordinances would have to include maximum sales price limitations.

Foreclosure of affordable dwelling units; redevelopment & housing authority to purchase.

Del. James Scott [D]

Date	Chamber	Action
2010-02-11		House: Passed by in General Laws with letter by voice vote
2010-02-10		House: Subcommittee recommends passing by with letter by voice vote
2010-02-01		House: Assigned GL sub: #1 Housing
2010-01-13		House: Referred to Committee on General Laws
2010-01-13		House: Prefiled and ordered printed; offered 01/13/10 10101788D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB1152
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1152+hil