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SB 490

Virginia Senate bill in Session 2026.

Status: enacted. Latest action: April 22, 2026.

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

Bill ID VA-2026-SB-490
Session 2026
Status enacted
Committee Appropriations; Finance and Appropriations
Senate enacted 2026-04-22
Housing Infrastructure / Utilities
Summary

Virginia Housing Trust Fund; loans for the construction of mixed-income housing developments. Allows the Department of Housing and Community Development to use up to five percent of the moneys from the Virginia Housing Trust Fund to provide lower-interest loans for the construction of mixed-income housing developments or for infrastructure needed for site development and readiness for such housing developments.

Sponsor
VanValkenburg
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-13 Introduced Bill introduced
2026-04-22 Status enacted
2026-04-22 Latest Action Acts of Assembly Chapter text (CHAP1012)
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