Virginia Senate bill in Session 2026.
Status: introduced. Latest action: February 10, 2026.
First-time home buyer savings plan; townhouses, principal limits.
First-time home buyer savings plan; townhouses; principal limits. Includes townhouses in the definition of single-family residence for purposes of the First-Time Home Buyer Savings Plan Act. The bill also increases (i) the aggregate amount of principal that can be contributed to a first-time home buyer savings account from $50,000 to $100,000 and (ii) the limit on the amount of principal and interest or other income on the principal that may be retained in such an account from $150,000 to $200,000.
| Date | Event | Detail |
|---|---|---|
| 2026-01-14 | Introduced | Bill introduced |
| 2026-01-14 | Status | introduced |
| 2026-02-10 | Latest Action | S Continued to next session in Finance and Appropriations (15-Y 0-N) |