VirginiaSurplus real property; prioritization of disposition for affordable housing.
What it does
Surplus real property; prioritization of disposition for affordable housing. Requires the Department of General Services to determine whether, following an offer of surplus property to the chief administrative officer of the locality within which the surplus property is located, as well as to any economic development entity for such locality, such surplus property is suitable for the development of affordable housing, as defined by the bill. If the Department so determines, the bill provides that such property shall be offered for at least 90 days exclusively to eligible organizations, as defined by the bill, for the purpose of developing affordable housing, provided that the terms of the disposition include a recorded covenant to provide affordable housing for at least 30 years.The bill also requires the governing body of each locality to prepare an inventory list of all real property within its jurisdiction to which the locality or any dependent special district within its boundaries holds fee simple title that is suitable for the development of affordable housing.
More detail
If the governing body of a locality chooses to dispose of such a property, such property shall be offered for at least 90 days exclusively to eligible organizations, as defined by the bill, for the purpose of developing affordable housing, through purchase, lease, exchange, or donation in return for a recorded covenant to provide affordable housing for at least 30 years.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 17Passed by indefinitely in Finance and Appropriations (13-Y 1-N)Latest
- Vote recorded Passed by indefinitely in Finance and Appropriations (13-Y 1-N). Result: pass.Upper
- Feb 12Committee substitute printed 25107283D-S1Major
- Vote recorded Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (9-Y 0-N 6-A). Result: pass.Upper
- Feb 12Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (9-Y 0-N 6-A)Minor
- Feb 4Referred to Committee on General Laws and TechnologyMinor
- Feb 4Constitutional reading dispensed (on 1st reading)
- Feb 3Read third time and passed House (55-Y 44-N)Passed House
- Vote recorded Read third time and passed House (55-Y 44-N). Result: pass.Lower
- Jan 31Engrossed by House - committee substituteMajor
- Jan 31General Laws Substitute agreed to
- Jan 31Read second timeMinor
- Jan 30Read first timeMinor
- Jan 28Committee substitute printed 25105687D-H1Major
- Vote recorded Reported from General Laws with substitute (15-Y 7-N). Result: pass.Lower
- Jan 28Reported from General Laws with substitute (15-Y 7-N)Minor
- Jan 28Fiscal Impact Statement from Department of Planning and Budget (HB1758)
- Jan 23Subcommittee recommends reporting with substitute (7-Y 1-N)Major
- Vote recorded Subcommittee recommends reporting with substitute (7-Y 1-N). Result: pass.Lower
- Jan 23Fiscal Impact Statement from Department of Planning and Budget (HB1758)
- Jan 22Impact statement from CLG (HB1758)
- Jan 13Assigned GL sub: Professions/Occupations and Administrative ProcessMinor
- Jan 5Referred to Committee on General LawsMinor
- Jan 5Prefiled and ordered printed; Offered 01-08-2025 25101770DIntroduced
- Feb 17Passed by indefinitely in Finance and Appropriations (13-Y 1-N)Latest