Bill Text: VA HB282 | 2018 | Regular Session | Prefiled
Bill Title: VHDA Act; pilot program to help low-income persons who are currently renters become home owners.
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Introduced - Dead) 2018-02-13 - Left in General Laws [HB282 Detail]
Download: Virginia-2018-HB282-Prefiled.html
18100825D
HOUSE BILL NO. 282
Offered January 10, 2018
Prefiled January 3, 2018
A BILL to amend the Code of Virginia by adding a section
numbered 36-55.30:4, relating to the Virginia Housing Development Authority
Act; pilot program; home ownership; low-income persons.
----------
Patron-- McQuinn
----------
Committee Referral Pending
----------
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 36-55.30:4 as follows:
§36-55.30:4. Pilot program; home ownership for low income persons.
A. As used in this section, "low-income person" means a person who is a member of a household with a gross annual income equal to or less than 125 percent of the poverty standard accepted by the federal agency designated to establish poverty guidelines.
B. The Authority shall develop a pilot program providing support services, including counseling and financing assistance, to facilitate the transition of low-income persons who are currently renters to become home owners.
