Virginia 2026 Session Status: Introduced

SB629 — First-time home buyer savings plan; townhouses, principal limits.

Last action — Continued from last session

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House of Delegates
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 14, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill establishes a savings plan for first-time home buyers for townhouses.

This bill creates a special savings plan aimed at helping first-time home buyers purchase townhouses. It sets principal limits for the savings amounts.

What this means for you
  • Families: This means families looking to purchase their first townhouse may have a structured way to save for a down payment.

Summary

First-time home buyer savings plan; townhouses, principal limits.

Bill Text

We don't have the full text on file for this bill yet.

Read SB629 on the official Virginia source →

Action History

  1. S Continued to next session in Finance and Appropriations (15-Y 0-N)

  2. S Rereferred to Finance and Appropriations

  3. S Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (12-Y 2-N 1-A)

  4. S Senate committee amendments offered

  5. S Senate subcommittee amendments offered

  6. S Assigned GL&T sub: Housing

  7. S Fiscal Impact statement From TAX (1/23/2026 2:35 pm)

  8. S Referred to Committee on General Laws and Technology

  9. S Prefiled and ordered printed; Offered 01-14-2026 26105091D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on · 2 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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Continued to next session in Finance and Appropriations

Passed 15 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 15000
Total 15000
% of votes cast 100%0%0%0%
How each member voted (15)
Member Party Vote
Aaron R. Rouse — Yea
Adam P. Ebbin — Yea
Barbara A. Favola — Yea
Bryce E. Reeves — Yea
David W. Marsden — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Ryan T. McDougle — Yea
Scott A. Surovell — Yea
Todd E. Pillion — Yea

Official roll call →

Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations

Passed 12 Yea · 2 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 12201
Total 12201
% of votes cast 80%13%0%7%
How each member voted (15)
Member Party Vote
Aaron R. Rouse — Yea
Adam P. Ebbin — Yea
Angelia Williams Graves — Yea
Bryce E. Reeves — Not Voting
Christie New Craig — Yea
Christopher T. Head — Nay
Danica A. Roem — Yea
Emily M. Jordan — Yea
Jennifer D. Carroll Foy — Yea
Jeremy S. McPike — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Schuyler T. VanValkenburg — Yea
Timmy French — Nay
Todd E. Pillion — Yea

Official roll call →

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB629 do?
First-time home buyer savings plan; townhouses, principal limits.
Who sponsors SB629?
SB629 is sponsored by Kannan Srinivasan.
What is the current status of SB629?
This bill has been introduced in the Senate. Introduced January 14, 2026. It must pass committee before a floor vote.
Where can I track SB629?
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Last checked for changes 3 months ago · updated continuously

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