Bill > SB328

This bill removes previous limits on the amount of money local governments in Virginia can provide to their employees, school board employees, and constitutional officers for homeownership grants to buy a primary residence within the locality. It also eliminates the maximum grant amount of $25,000 per employee and a lifetime cumulative limit of $25,000 per employee, as well as the requirement that these grants follow guidelines set by the Virginia Housing and Development Authority (VHDA) regarding regional sales prices and household incomes. Additionally, the bill removes the restriction that residential housing assistance grants for school division personnel cannot exceed the amounts permitted for homeownership grants, allowing localities more flexibility in providing affordable workforce housing alternatives for school staff.

Government Affairs

https://lis.virginia.gov/bill-details/20261/SB328