§ 36-142 E of the Code of Virginia requires, under certain conditions, that the Department of Housing and Community Development (DHCD) submit a plan to the Senate Finance and House Appropriation Committees that details the proposed expenditure of any newly appropriated monies allocated to the Virginia Housing Trust Fund. Although the threshold actions requiring the submission of a plan did not occur, budget Item 103F included in 2014 Special Session I, Virginia Acts of Assembly, Chapter 2 also required DHCD to submit a report outlining activities and accomplishments associated with the Trust Fund. This report discusses the allocation of the loan and grant components of the Trust Fund and includes details on the use of these funds. To date, DHCD has obligated approximately 97 percent of the $8 million made available in FY 2014. It has expended over 14 percent of them on eligible activities and projects. These include services related to foreclosure and housing counseling; rapid re-housing for the homeless, including veterans and persons with disabilities; and the provision of supportive services to those with specialized housing needs. Loan products targeted properties recovering from foreclosure as well as the creation or rehabilitation of affordable rental housing for persons and families with very low incomes.