Virginia housing opportunity tax credit program; VHDA, et al., to develop.
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HB 810 — Virginia housing opportunity tax credit program; VHDA, et al., to develop.
Last action — Approved by Governor-Chapter 517 (effective 7/1/20)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House of Delegates
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 07, 2020. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 6 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Department of Housing and Community Development and the Virginia Housing Development Authority; stakeholder advisory group; Virginia housing opportunity tax credit program. Directs the Department of Housing and Community Development and the Virginia Housing Development Authority to convene a stakeholder advisory group to develop draft legislation establishing a Virginia housing opportunity tax credit program for the purpose of providing incentives for the utilization of private equity in the development and construction of affordable housing in the Commonwealth and regulations for implementing such program. The stakeholder advisory group shall also conduct financial modeling to determine the fiscal impact to the Commonwealth of various levels of funding for a Virginia housing opportunity tax credit. The stakeholder advisory group shall determine the most effective and efficient way to administer the program in conjunction with the federal Low-Income Housing Tax Credit Program. The stakeholder advisory group shall report its recommendations to the Governor, the Secretary of Commerce and Trade, the Director of the Department of Housing and Community Development, and the commissioners of the Virginia Housing Development Authority by September 1, 2020.
Bill Text
What changed in the latest version
127 added · 7 removedPlain-language change summary
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SESSION history | hilite | pdf | print version CHAPTER 517 An Act to direct the Department of Housing and Community Development and the Virginia Housing Development Authority to convene a stakeholder meeting on the establishment of a Virginia opportunity tax credit program.
[H 810] Approved March 31, 2020 Be it enacted by the General Assembly of Virginia:
1.
§ 1.
The Department of Housing and Community Development (the Department) and the Virginia Housing Development Authority (the Authority) shall convene a stakeholder advisory group to develop draft legislation establishing a Virginia housing opportunity tax credit program for the purpose of providing incentives for the utilization of private equity in the development and construction of affordable housing in the Commonwealth and regulations for implementing such program.
The stakeholder advisory group shall also conduct financial modeling to determine the fiscal impact to the Commonwealth of various levels of funding for a Virginia housing opportunity tax credit.
The stakeholder advisory group shall determine the most effective and efficient way to administer the program in conjunction with the federal Low-Income Housing Tax Credit Program.
§ 2.
The stakeholder advisory group shall consist of individuals with expertise in land development, construction, affordable housing, real-estate finance, tax credit syndication, the federal Low-Income Housing Tax Credit Program, or other areas of expertise as determined by the Department and the Authority.
The stakeholder advisory group shall also include representatives from the Department and the Authority.
§ 3.
The stakeholder advisory group shall receive support from the staff of the Department and the Authority.
§ 4.
The stakeholder advisory group shall report its recommendations to the Governor, the Secretary of Commerce and Trade, the Director of the Department of Housing and Community Development, and the commissioners of the Virginia Housing Development Authority by September 1, 2020.
Action History
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Approved by Governor-Chapter 517 (effective 7/1/20)
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Governor's Action Deadline 11:59 p.m., April 11, 2020
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Enrolled Bill communicated to Governor on March 11, 2020
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Signed by President
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Signed by Speaker
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Impact statement from DPB (HB810ER)
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Enrolled
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Passed Senate (40-Y 0-N)
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Read third time
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Constitutional reading dispensed (32-Y 0-N)
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Reported from General Laws and Technology (14-Y 0-N)
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Referred to Committee on General Laws and Technology
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Constitutional reading dispensed
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VOTE: Passage (83-Y 16-N)
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Read third time and passed House (83-Y 16-N)
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Read second time and engrossed
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Read first time
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Reported from General Laws (21-Y 1-N)
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Impact statement from DPB (HB810)
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Subcommittee recommends reporting (8-Y 0-N)
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Assigned GL sub: Housing/Consumer Protection
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Referred to Committee on General Laws
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Prefiled and ordered printed; offered 01/08/20 20104985D
Sponsors
- Jeffrey M. Bourne · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on · 7 voted No
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (147)
147 members have not signed on to this bill.
Show all 147 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 32 | 0 | 0 | 8 |
| Total | 32 | 0 | 0 | 8 |
| % of votes cast | 80% | 0% | 0% | 20% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 14 | 0 | 0 | 0 |
| Total | 14 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (14)
| Member | Party | Vote |
|---|---|---|
| Barker, George L. | — | Yea |
| Bell, John J. | — | Yea |
| Bryce E. Reeves | — | Yea |
| Dunnavant, Siobhan S. | — | Yea |
| Ebbin, Adam P. | — | Yea |
| Hashmi, Ghazala F. | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Kiggans, Jennifer A. | — | Yea |
| Mamie E. Locke | — | Yea |
| Mason, T. Montgomery "Monty" | — | Yea |
| Richard H. Stuart | — | Yea |
| Ruff, Frank M., Jr. | — | Yea |
| Todd E. Pillion | — | Yea |
| Vogel, Jill Holtzman | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 82 | 16 | 0 | 1 |
| Total | 82 | 16 | 0 | 1 |
| % of votes cast | 83% | 16% | 0% | 1% |
How each member voted (99)
| Member | Party | Vote |
|---|---|---|
| Avoli, G. "John" | — | Yea |
| Ayala, Hala S. | — | Yea |
| Batten, Amanda E. | — | Yea |
| Bell, Robert B. | — | Nay |
| Bourne, Jeffrey M. | — | Yea |
| Brewer, Emily M. | — | Yea |
| Byron, Kathy J. | — | Nay |
| Campbell, Jeffrey L. | — | Yea |
| Campbell, Ronnie R. | — | Not Voting |
| Carter, Lee J. | — | Yea |
| Cole, Mark L. | — | Nay |
| Collins, Christopher E. | — | Yea |
| Cox, M. Kirkland | — | Yea |
| Coyner, Carrie E. | — | Yea |
| Edmunds, James E., II | — | Yea |
| Fariss, C. Matthew | — | Nay |
| Freitas, Nicholas J. | — | Nay |
| Gilbert, C. Todd | — | Nay |
| Gooditis, Wendy W. | — | Yea |
| Guy, Nancy D. | — | Yea |
| Heretick, Steve E. | — | Yea |
| Hudson, Sally L. | — | Yea |
| Hurst, Chris L. | — | Yea |
| Jenkins, Clinton L. | — | Yea |
| Jones, Jerrauld C. "Jay" | — | Yea |
| Keam, Mark L. | — | Yea |
| Kory, Kaye | — | Yea |
| LaRock, Dave A. | — | Nay |
| Levine, Mark H. | — | Yea |
| Lindsey, Joseph C. | — | Yea |
| Marshall, Daniel W., III | — | Yea |
| Miyares, Jason S. | — | Yea |
| Mugler, Martha M. | — | Yea |
| Mullin, Michael P. | — | Yea |
| Murphy, Kathleen | — | Yea |
| Orrock, Robert D., Sr. | — | Yea |
| Plum, Kenneth R. | — | Yea |
| Poindexter, Charles D. | — | Nay |
| Ransone, Margaret B. | — | Nay |
| Robinson, Roxann L. | — | Yea |
| Rush, Nick | — | Yea |
| Samirah, Ibraheem S. | — | Yea |
| Subramanyam, Suhas | — | Yea |
| Tyler, Roslyn C. | — | Yea |
| Wampler, William C., III | — | Yea |
| Alex Q. Askew | — | Yea |
| Alfonso H. Lopez | — | Yea |
| Barry D. Knight | — | Yea |
| Betsy B. Carr | — | Yea |
| C.E. Cliff Hayes, Jr. | — | Yea |
| Charniele L. Herring | — | Yea |
| Chris S. Runion | — | Nay |
| Christopher T. Head | — | Yea |
| Dan I. Helmer | — | Yea |
| Danica A. Roem | — | Yea |
| David A. Reid | — | Yea |
| David L. Bulova | — | Yea |
| Delores L. McQuinn | — | Yea |
| Don Scott | — | Yea |
| Elizabeth R. Guzman | — | Yea |
| Garrett McGuire | — | Nay |
| Hyland F. "Buddy" Fowler, Jr. | — | Yea |
| Israel D. O'Quinn | — | Yea |
| James A. "Jay" Leftwich | — | Yea |
| James W. Morefield | — | Yea |
| Jeion A. Ward | — | Yea |
| Jennifer D. Carroll Foy | — | Yea |
| Joseph P. McNamara | — | Nay |
| Joshua G. Cole | — | Yea |
| Karrie K. Delaney | — | Yea |
| Kathy K.L. Tran | — | Yea |
| Kelly K. Convirs-Fowler | — | Yea |
| Kimberly Pope Adams | — | Yea |
| Kimberly Pope Adams | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Luke E. Torian | — | Yea |
| M. Keith Hodges | — | Yea |
| Marcia S. "Cia" Price | — | Yea |
| Marcus B. Simon | — | Yea |
| Mark D. Sickles | — | Yea |
| Michael J. Webert | — | Nay |
| Patrick A. Hope | — | Yea |
| Paul E. Krizek | — | Yea |
| R. Lee Ware | — | Yea |
| Richard C. "Rip" Sullivan, Jr. | — | Yea |
| Robert S. Bloxom, Jr. | — | Yea |
| Rodney T. Willett | — | Yea |
| Sam Rasoul | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Wyatt | — | Nay |
| Shelly A. Simonds | — | Yea |
| Terry G. Kilgore | — | Yea |
| Terry L. Austin | — | Yea |
| Thomas C. Wright, Jr. | — | Nay |
| Tony O. Wilt | — | Nay |
| Vivian E. Watts | — | Yea |
| Wendell S. Walker | — | Yea |
| Will Davis | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 21 | 1 | 0 | 0 |
| Total | 21 | 1 | 0 | 0 |
| % of votes cast | 95% | 5% | 0% | 0% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Murphy, Kathleen | — | Yea |
| Hurst, Chris L. | — | Yea |
| Cole, Mark L. | — | Nay |
| Miyares, Jason S. | — | Yea |
| Brewer, Emily M. | — | Yea |
| Wampler, William C., III | — | Yea |
| Barry D. Knight | — | Yea |
| Betsy B. Carr | — | Yea |
| David L. Bulova | — | Yea |
| Hyland F. "Buddy" Fowler, Jr. | — | Yea |
| James A. "Jay" Leftwich | — | Yea |
| James W. Morefield | — | Yea |
| Kathy K.L. Tran | — | Yea |
| Kelly K. Convirs-Fowler | — | Yea |
| Kimberly Pope Adams | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Luke E. Torian | — | Yea |
| Marcia S. "Cia" Price | — | Yea |
| Marcus B. Simon | — | Yea |
| Paul E. Krizek | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Thomas C. Wright, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 8 | 0 | 0 | 1 |
| Total | 8 | 0 | 0 | 1 |
| % of votes cast | 89% | 0% | 0% | 11% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Brewer, Emily M. | — | Yea |
| Wampler, William C., III | — | Yea |
| Betsy B. Carr | — | Yea |
| David L. Bulova | — | Not Voting |
| Kelly K. Convirs-Fowler | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Marcia S. "Cia" Price | — | Yea |
| Marcus B. Simon | — | Yea |
| Thomas C. Wright, Jr. | — | Yea |
Subjects
Frequently asked questions
- What does HB 810 do?
- Department of Housing and Community Development and the Virginia Housing Development Authority; stakeholder advisory group; Virginia housing opportunity tax credit program. Directs the Department of Housing and Community Development and the Virginia Housing Development Authority to convene a stakeholder advisory group to develop draft legislation establishing a Virginia housing opportunity tax credit program for the purpose of providing incentives for the utilization of private equity in the development and construction of affordable housing in the Commonwealth and regulations for implementing such program. The stakeholder advisory group shall also conduct financial modeling to determine the fiscal impact to the Commonwealth of various levels of funding for a Virginia housing opportunity tax credit. The stakeholder advisory group shall determine the most effective and efficient way to administer the program in conjunction with the federal Low-Income Housing Tax Credit Program. The stakeholder advisory group shall report its recommendations to the Governor, the Secretary of Commerce and Trade, the Director of the Department of Housing and Community Development, and the commissioners of the Virginia Housing Development Authority by September 1, 2020.
- Who sponsors HB 810?
- HB 810 is sponsored by Bourne, Jeffrey M..
- What is the current status of HB 810?
- This bill has been enacted into law. Introduced January 07, 2020. Enacted.
- Where can I track HB 810?
- Track HB 810 free on One Click Politics — get push/email alerts when it moves.
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