Bill
Bill > HB806
summary
Introduced
01/13/2026
01/13/2026
In Committee
03/02/2026
03/02/2026
Crossed Over
02/04/2026
02/04/2026
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Industrial development authorities; housing. Allows industrial development authorities to exercise their powers with respect to facilities used primarily for single or multi-family residences in order to promote safe and affordable housing in the Commonwealth. Under current law, such powers may be exercised only in a locality where a housing authority has not been activated. The bill also grants industrial development authorities the power to issue bonds associated with the construction of affordable housing.
AI Summary
This bill expands the powers of industrial development authorities (IDAs) in Virginia to include facilities used primarily for single or multi-family residences, aiming to promote safe and affordable housing. Previously, IDAs could only exercise these powers in areas where a housing authority had not been established. The bill also explicitly grants IDAs the authority to issue bonds, make grants, or do both, in connection with the construction of affordable housing, further supporting the goal of increasing housing availability and affordability.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Passed Senate (27-Y 13-N 0-A) (on 03/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB806 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB806/text/HB806 |
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