Bill > SB74

This bill expands the authority of local governments in Virginia to create affordable housing programs by allowing any locality, not just specific types of counties and cities, to amend their zoning ordinances to include such programs, with the goal of addressing housing needs, promoting diverse housing choices, and accommodating older residents. The bill, which is a recommendation from the Joint Legislative Audit and Review Commission and has a delayed effective date of July 1, 2028, also introduces a variety of new tools and measures that localities can use, such as reducing lot sizes, allowing contributions to housing trust funds instead of building units, permitting accessory dwelling units, allowing conversions of commercial spaces to residential use, and providing financial incentives, and requires localities to form advisory committees to gather input from various stakeholders before adopting these programs.

Government Affairs

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