VA HB1444

Establishes the Virginia Clean Energy Innovation Bank within the Department of Energy to accelerate deployment of clean energy projects, greenhouse gas emissions reduction projects, and water conservation initiatives through grants, loans, credit enhancements, and other financing mechanisms

Creates a 10-member Bank Advisory Board with 5 citizen members (appointed by Senate Rules Committee, Speaker of the House, and Governor) and 5 ex officio members, including the Director of the Department of Energy and CEO of the Virginia Economic Development Partnership

Requires at least 40% of the Bank's direct benefits to flow to historically economically disadvantaged communities, with caps limiting coalbed methane gas and nuclear power projects to no more than 15% of available funds in aggregate

Mandates the Bank develop a biennial strategic plan (due December 15 in even-numbered years) and a long-term investment strategy (every four years beginning December 2026), with quarterly public meetings and annual reporting to the Governor and General Assembly

Authorizes the Bank to provide loan loss reserves, loan guarantees, co-investments, and securitization of projects while requiring compliance with state and federal consumer lending laws for residential loans