VA HB810 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 31 2020 - 100% progression
Action: 2020-03-31 - Governor: Acts of Assembly Chapter text (CHAP0517)
Text: Latest bill text (Chaptered) [HTML]

Summary

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.

Tracking Information

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Title

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

Sponsors


Roll Calls

2020-02-24 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-21 - Senate - Senate: Constitutional reading dispensed (32-Y 0-N) (Y: 32 N: 0 NV: 8 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Reported from General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-27 - House - House: VOTE: Passage (83-Y 16-N) (Y: 83 N: 16 NV: 1 Abs: 0) [PASS]
2020-01-21 - House - House: Reported from General Laws (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2020-01-16 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2020-03-31 Governor: Acts of Assembly Chapter text (CHAP0517)
2020-03-31 Governor: Approved by Governor-Chapter 517 (effective 7/1/20)
2020-03-11 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-03-11HouseEnrolled Bill communicated to Governor on March 11, 2020
2020-03-02SenateSigned by President
2020-02-28HouseSigned by Speaker
2020-02-28HouseBill text as passed House and Senate (HB810ER)
2020-02-28HouseEnrolled
2020-02-24SenatePassed Senate (40-Y 0-N)
2020-02-24SenateRead third time
2020-02-21SenateConstitutional reading dispensed (32-Y 0-N)
2020-02-19SenateReported from General Laws and Technology (14-Y 0-N)
2020-01-28SenateReferred to Committee on General Laws and Technology
2020-01-28SenateConstitutional reading dispensed
2020-01-27HouseVOTE: Passage (83-Y 16-N)
2020-01-27HouseRead third time and passed House (83-Y 16-N)
2020-01-24HouseRead second time and engrossed
2020-01-23HouseRead first time
2020-01-21HouseReported from General Laws (21-Y 1-N)
2020-01-16HouseSubcommittee recommends reporting (8-Y 0-N)
2020-01-15HouseAssigned GL sub: Housing/Consumer Protection
2020-01-07HouseReferred to Committee on General Laws
2020-01-07HousePrefiled and ordered printed; offered 01/08/20 20104985D

Virginia State Sources


Bill Comments

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