VA HB1227

Increases the total housing allocation of Virginia's private activity bond state ceiling from 57% to 67%, effective for 2026 and subsequent years

Raises the Virginia Housing Development Authority's share from 43% to 50% and local housing authorities' share from 14% to 17%

Reduces the industrial development bond allocation for manufacturing and exempt facilities from 25% to 15% of the state ceiling

Maintains the state allocation at 18% of the state ceiling for state issuing authorities to distribute to housing and exempt projects

Lowers the maximum industrial development allocation cap from 41% to 25% of the state ceiling when early-year allocations exceed the set-aside amount