Local authority; authorized by ordinance to establish affordable housing performance grant programs.
Apr 8, 2026 · Enacted · Chapter 386
Del. Joshua E. Thomas · Sponsored
FactVote reviewed summary
Local authority; affordable housing performance grant programs. Allows any locality that has created an industrial development authority or economic development authority (the Authority) to establish, by ordinance, an affordable housing performance grant program. The bill outlines that such ordinance authorizes the Authority to award affordable housing performance grants to qualifying applicants. Such an ordinance must include: (i) a definition of affordable housing; (ii) grant application guidelines and processes, including an identification of the local officer that is designated to receive applications; (iii) criteria for determining whether the construction or improvement of property…
The official Virginia LIS record shows the measure became law on April 8, 2026 as Chapter 386.
Why this record is included
The official record directly addresses rent, tenant protections, rental assistance, eviction, or the supply and affordability of rental housing. It does not establish an effect on Virginia's median gross rent.
Retained Virginia evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.
Local authority; affordable housing performance grant programs. Allows any locality that has created an industrial development authority or economic development authority (the Authority) to establish, by ordinance, an affordable housing performance grant program. The bill outlines that such ordinance authorizes the Authority to award affordable housing performance grants to qualifying applicants. Such an ordinance must include: (i) a definition of affordable housing; (ii) grant application guidelines and processes, including an identification of the local officer that is designated to receive applications; (iii) criteria for determining…Review official supporting evidence ↗