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Virginia · 2026 Regular Session · Bill

HB 183: First-time home buyer savings plan; townhouses, principal limits.

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 183 is a bill introduced in the Virginia House on January 7, 2026. According to its official title, it concerns: First-time home buyer savings plan; townhouses, principal limits. Primary sponsor: David Reid (Democratic). Most recent recorded action (February 25, 2026): Continued to next session 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.

First-time home buyer savings plan; townhouses; principal limits. Includes townhouses in the definition of single-family residence for purposes of the First-Time Home Buyer Savings Plan Act. The bill also increases (i) the aggregate amount of principal that can be contributed to a first-time home buyer savings account from $50,000 to $100,000 and (ii) the limit on the amount of principal and interest or other income on the principal that may be retained in such an account from $150,000 to $200,000. The bill defines first-time home buyer, and includes that term in the definition of qualified beneficiary.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
David ReidPrimary sponsorDemocraticHouse28

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Continued to next session in Finance and Appropriations (15-Y 0-N)
  2. Fiscal Impact statement From TAX (2/17/2026 6:47 pm)
  3. Referred to Committee on Finance and Appropriations
  4. Constitutional reading dispensed (on 1st reading)
  5. Read third time and passed House (96-Y 2-N 0-A)
  6. Engrossed by House - committee substitute
  7. committee substitute agreed to
  8. Read second time
  9. Read first time
  10. Committee substitute printed 26105761D-H1
  11. House committee offered
  12. Reported from Appropriations with substitute (16-Y 5-N)

Showing 12 most recent of 18 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source