SB 490: Mixed-income housing; creating a two-year pilot program that provides loan origination, etc.

Summary

Department of Housing and Community Development; loans for the construction of mixed income housing; report. Directs the Department of Housing and Community Development, in collaboration with the Virginia Housing Development Authority, to create a two-year pilot program that would provide loan origination and servicing activities for mixed income housing and submit a report on its findings to the General Assembly by November 1 of each year of the pilot program. This bill is identical to HB 196 and HB 820.

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Apr 22, 2026

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