Virginia Housing Trust Fund; geographic equity impact assessment.
Summary
Virginia Housing Trust Fund; geographic equity impact assessment. Requires the Department of Housing and Community Development to conduct an annual geographic equity assessment (GEIA) to identify distressed localities that have historically received less investment for housing and economic development. The bill provides that, of the 80 percent of moneys from the Virginia Housing Trust used to provide flexible financing for low-interest loans, no more than 20 percent shall be allocated to a single locality unless such locality has been identified as underserved in the most recent GEIA.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
House of Delegates Passage
Feb 2025
Senate Passage
Governor
Introduced Jan 7, 2025
Last action Feb 11, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Finance Substitute
→
Appropriations Substitute
·
6 edits
MODERATE
The bill was re-substituted from the Finance Committee to the Appropriations Committee, changing the committee attribution and bill number while retaining the same substantive policy content regarding the Virginia Housing Trust Fund. The core provisions for geographic equity impact assessments, funding allocations, and housing development requirements remain unchanged.
Scope change
The bill's scope and applicability remain unchanged; only the procedural metadata (committee assignment and bill identifiers) was modified.
TECHNICAL
Committee attribution changed from House Committee on Finance to House Committee on Appropriations
Bill number changed from 25105644D to 25106592D
Substitute date changed from January 29, 2025 to January 31, 2025
Section title changed from 'Creation and management of Fund' to 'Virginia Housing Trust Fund'
Page and line number formatting was added for the Appropriations version
Original Finance Committee formatting and metadata was removed
Floor votes · House of Delegates Feb 4, 2025
How they voted
54–44
Passed · 2 other
Total votes 100
Feb 4, 2025
D
Democratic51
100% Yea
R
Republican49
89% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
3
Committee
6
Feb 5, 2025
Committee
Referred to Committee on Finance and Appropriations
upper
Feb 4, 2025
Lower · Passed
Read third time and passed House (54-Y 44-N)
lower
Jan 31, 2025
Lower · Passed
Reported from Appropriations with substitute (14-Y 8-N)
lower
Jan 30, 2025
Committee
Assigned Approps sub: Commerce Agriculture & Natural Resources
lower
Jan 29, 2025
Lower · Passed
Reported from Finance with substitute and referred to Appropriations (12-Y 10-N)
lower
Jan 20, 2025
Committee
Assigned Finance sub: Subcommittee #2
lower
Jan 7, 2025
Committee
Referred to Committee on Finance
lower
1 primary · 4 co-sponsors
Sponsors
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