Bill > SB74

This bill expands the authority of all local governments in the Commonwealth of Virginia to create affordable housing programs by amending their zoning ordinances, a power previously limited to specific types of counties and cities. These programs can now include not only optional increases in housing density but also other measures like reducing lot sizes, allowing accessory housing units (like in-law suites or basement apartments), contributing to local housing trust funds instead of building units, converting commercial spaces to housing, and offering financial incentives. The bill also mandates that before adopting such programs on or after July 1, 2027, localities must form an advisory committee to gather input from various stakeholders, including residents, developers, and housing advocates, to assess the effectiveness and feasibility of proposed measures. The provisions of this act will not apply to local ordinances adopted before January 1, 2026, and the overall changes will take effect on July 1, 2027.

Government Affairs

https://lis.virginia.gov/bill-details/20261/SB74