Bill > SB367

This bill, effective September 1, 2026, allows for the administrative approval of housing development and construction on land owned by property tax-exempt religious organizations and certain nonprofit organizations that are exempt from taxes under section 501(c)(3) of the Internal Revenue Code and also exempt from local real property taxes. These developments will be permitted "by right," meaning they will not require a rezoning or other discretionary approval processes like special use permits, as long as at least 60 percent of the housing units are designated as "affordable housing" (meaning they are affordable to households at or below 80% of the area median income for rentals and up to 120% for sales, and remain affordable for at least 30 years), the property has been owned by the organization for five years, the locality's water and sewer systems can accommodate the development, and the housing is open to the public without discrimination. The bill also specifies minimum height and density allowances, permits mixed-use developments with at least 70% residential use, and limits parking requirements, while also stating that all such housing will be subject to local real property taxation after completion unless the locality explicitly exempts it.

Housing and Urban Affairs, Justice

https://lis.virginia.gov/bill-details/20261/SB367