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GA Adjustment
Department of Housing and Community Development (165)
Request Title Housing Affordability (102 #5c)
Biennium 2026-2028
Budget Round Initial Bill
Half Sheet Number 102 #5c
Description

This amendment directs the Department of Housing and Community Development to convene a workgroup to examine the current uses of the Virginia Housing Trust Fund and provide recommendations on how best to optimize the resources in the Fund to address housing affordability, supply issues, and homelessness. It also provides an additional $40 million in fiscal year 2027 for deposit into the Fund, bringing total biennial support to $215 million. It also provides $20 million in fiscal year 2027 from the general fund for a two-year pilot program that will provide loan origination and servicing activities for mixed income housing.)

Funding Details
By Program Program Code Program Title FY 2026 FY 2027
  458 Housing Assistance Services $60,000,000 $0
By Fund Fund Code Fund Title FY 2026 FY 2027
  01000 General Fund $60,000,000 $0
Authorized Position Details
By Program Program Code Program Title FY 2026 FY 2027


p3_opview - Official Enacted Budget View Operating Bullet Details - 08-30-2026 03:14:30