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VA SB285

Bill

Status

Engrossed

1/30/2026

Primary Sponsor

Lashrecse Aird

Click for details

Origin

Senate

2026 Regular Regular Session

AI Summary

  • Department of Housing and Community Development must review and develop criteria and guidelines for the Urban Public-Private Partnership Redevelopment grant program in consultation with local government associations
  • Award prioritization criteria must include localities experiencing above average or high fiscal stress as designated by the Commission on Local Government, and localities with significant decreases in commercial real estate assessments
  • Guidelines must address local match requirements, considering both monetary and non-monetary contribution options
  • Director must submit a report on findings and developed criteria to the Senate Finance and Appropriations Committee, Senate General Laws and Technology Committee, House Appropriations Committee, and House General Laws Committee by November 1, 2026

Legislative Description

Urban Public-Private Partnership Redevelopment grant program; DHCD to review, etc.

Last Action

Passed House (96-Y 0-N 0-A)

3/12/2026

Committee Referrals

Appropriations3/6/2026
Rules: Studies3/1/2026
Rules2/5/2026
Finance and Appropriations1/19/2026
Local Government1/13/2026

Full Bill Text

No bill text available