Virginia · 2026 Regular Session · Bill
HB 408: Enterprise Zone Housing Availability Grant Program; established.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 408 is a bill introduced in the Virginia House on January 12, 2026. According to its official title, it concerns: Enterprise Zone Housing Availability Grant Program; established. Primary sponsor: David Reid (Democratic). Most recent recorded action (February 18, 2026): Left in Committee Appropriations.
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.
Enterprise Zone Housing Availability Grant Program. Establishes the Enterprise Zone Housing Availability Grant Program. The bill provides that, to be eligible to receive a grant under the Program, a qualified zone developer, as defined by the bill, must rent or sell, subject to certain affordability restrictions, any residential property for which costs were incurred to construct, expand, or rehabilitate such property to a household that earns 80 percent or more of the area median income (AMI) of the locality in which the property is located, but less than 120 percent of such AMI. The bill further requires that such affordability restrictions remain in force for 10 years following the original execution of the lease or deed of sale for the property for which such costs were incurred. The bill authorizes grant awards based on a percentage of costs incurred to construct, expand, or rehabilitate the property. The bill directs the Board of Housing and Community Development to determine guidelines for the allocation of grants awarded, which must include a process for (i) certifying the income of the households renting or purchasing the residential property and (ii) monitoring compliance with ongoing affordability restrictions.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Reid | Primary sponsor | Democratic | House | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Committee Appropriations
- Subcommittee recommends laying on the table (5-Y 0-N)
- Fiscal Impact Statement from Department of Planning and Budget (HB408)
- Assigned HAPP sub: Commerce Agriculture & Natural Resources
- Referred to Committee on Appropriations
- Prefiled and ordered printed; Offered 01-14-2026 26102716D