Virginia · 2025 Regular Session · Bill
HB 1702: Urban Public-Private Partnership Redevelopment Fund; funding requirements, report.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1702 is a bill introduced in the Virginia House on January 4, 2025. According to its official title, it concerns: Urban Public-Private Partnership Redevelopment Fund; funding requirements, report. Primary sponsor: David L. Bulova. Most recent recorded action (February 11, 2025): Passed by indefinitely in Finance and Appropriations (15-Y 0-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Urban Public-Private Partnership Redevelopment Fund; funding requirements; report. Directs the Department of Housing and Community Development to develop criteria and guidelines for the use of funds from the Urban Public-Private Partnership Redevelopment Fund, including prioritizing grants to localities experiencing an above average or high level of fiscal stress as designated by the Commission on Local Government and localities experiencing a significant decrease in commercial real estate assessments. Under current law, the Board of Housing and Community Development is directed to develop guidelines for administration of the Fund. The bill expands the qualifying private entities available for partnership with a local government for the redevelopment of a local site, removes the existing $500,000 grant cap for such local government, and eliminates the requirement that each grant be conditioned upon a 100 percent match of funds by the local government. In addition, the bill requires the Department, on or before December 1 of each year, to submit a report to the Secretary of Commerce and Trade, the Governor, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations, including the number of projects funded and the costs of the Fund. Further, the bill repeals the Housing Revitalization Zone Act.As introduced, this bill was a recommendation of the Virginia Housing Commission.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David L. Bulova | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
- Referred to Committee on Finance and Appropriations
- Constitutional reading dispensed (on 1st reading)
- Read third time and passed House (90-Y 6-N)
- Fiscal Impact Statement from Department of Planning and Budget (HB1702)
- Engrossed by House - committee substitute
- Appropriations Substitute agreed to
- Read second time
- Moved from Uncontested Calendar to Regular Calendar
- Read first time
- Committee substitute printed 25105059D-H1
- Reported from Appropriations with substitute (21-Y 0-N)
Showing 12 most recent of 17 actions. Full history