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Bill > HB164


VA HB164

VA HB164
Housing for local employees; grants for homeownership.


summary

Introduced
01/06/2026
In Committee
03/02/2026
Crossed Over
01/28/2026
Passed
Dead

Introduced Session

Potential new amendment
2026 Regular Regular Session

Bill Summary

Housing for local employees; grants for homeownership. Eliminates the maximum grant amount authorized to be granted by a locality for home ownership to employees of the locality, employees of the school board, and employees of constitutional officers and eliminates the requirement that such grants are subject to regional sales price and household income limitations. Current law imposes a maximum grant amount of $25,000 for individual grants per employee, as well as a maximum lifetime cumulative amount of $25,000 per employee.

AI Summary

This bill proposes to remove the existing $25,000 limit on individual grants and the $25,000 lifetime cumulative limit for homeownership grants offered by local governments to their employees, school board employees, and employees of constitutional officers (officials elected to specific offices). These grants are intended to help these local employees purchase their primary residences within the locality, thereby helping the locality remain competitive in attracting and retaining staff. The bill also removes a provision that stated these grants could not exceed the amounts permitted in the now-removed subsection A, allowing for potentially higher grants for school division personnel under a separate authorization for residential housing assistance.

Committee Categories

Government Affairs

Sponsors (9)

Last Action

Passed Senate (25-Y 15-N 0-A) (on 03/04/2026)

bill text


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