Virginia House Bill 791 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2008 - 25% progression, died in chamber
Action: 2008-02-12 - House: Left in Finance

Fort Lee Housing Enterprise Zone. Establishes the Fort Lee Housing Enterprise Zone to encompass a 10-mile radius surrounding the Fort Lee military base located in Prince George County for the purpose of encouraging the construction, redevelopment, or rehabilitation of single- and multi-family housing in the zone. The bill also establishes the Housing Enterprise Zone Tax Credit available to persons who build or substantially redevelop or rehabilitate (i) a single-family home with a value of $250,000 or less or (ii) a multifamily housing project consisting of apartments with at least two bedrooms and renting for $750 or less per month, on property located within the Fort Lee Housing Enterprise Zone. In addition, the bill authorizes local governing bodies whose territory is contained within the Fort Lee Housing Enterprise Zone to establish a housing enterprise zone for the purpose of providing incentives and regulatory flexibility to encourage the construction, redevelopment, or rehabilitation of single- and multi-family housing in the zone.

Fort Lee Housing Enterprise Zone, created.

Del. Riley Ingram [R]

Date	Chamber	Action
2008-02-12		House: Left in Finance
2008-01-15		House: Assigned Finance sub: 2
2008-01-08		House: Referred to Committee on Finance
2008-01-08		House: Prefiled and ordered printed; offered 01/09/08 084547564

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB791