• Date Due: January 08, 2025
  • Author: Department of Housing and Community Development
  • Enabling Authority: Chapter 509 Enactment Clause 1. (Regular Session, 2024)
  • Description:
    Report on the findings and recommendations of the work group convened to assess the feasibility of and options for establishing a Virginia residential development infrastructure fund, and shall consider (i) whether other states have established a residential development infrastructure fund, or similar fund, and evaluate the effectiveness and best practices used in implementing such policy in other states; (ii) preliminary and long-term fiscal impacts of establishing and administering a Virginia residential development infrastructure fund; (iii) options for applicant and project eligibility criteria, application review and selection processes, funding disbursement, and other potential policies, procedures, or guidelines; and (iv) prioritizing certain public infrastructure projects, including those that support residential developments in localities that have implemented measures to reduce local regulatory barriers to new development.