SB 490: Mixed-income housing; creating a two-year pilot program that provides loan origination, etc.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Department of Housing and Community Development; loans for the construction of mixed income housing; report. Directs the Department of Housing and Community Development, in collaboration with the Virginia Housing Development Authority, to create a two-year pilot program that would provide loan origination and servicing activities for mixed income housing and submit a report on its findings to the General Assembly by November 1 of each year of the pilot program. The bill provides that any funding for the pilot program, subject to the appropriation act, shall be utilized from up to 15 percent of the annual deposit made to the Virginia Housing Trust Fund. This bill is identical to HB 196 and HB 820.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“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. April 12, 2026Governor's recommendation received by Senate
2. March 31, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026
3. March 31, 2026Enrolled Bill communicated to Governor on March 31, 2026
4. March 31, 2026Signed by Speaker
5. March 31, 2026Fiscal Impact Statement from Department of Planning and Budget (SB490)
6. March 30, 2026Signed by President
7. March 30, 2026Bill text as passed Senate and House (SB490ER)
8. March 30, 2026Enrolled
9. March 14, 2026Conference report agreed to by House (66-Y 30-N 0-A)
10. March 13, 2026Conference report agreed to by Senate (39-Y 0-N 0-A)
11. March 13, 2026Conference Report released
12. March 10, 2026House Conferees: Helmer, Thomas, Wiley

Showing 12 most recent of 40 actions. Full history