RD364 - Virginia Housing Trust Fund Structure and Use Plan and Loan and Grant Fund Impacts - FY2016 Update


Executive Summary:

The following report complies with the requirements as specified in: HB 1400, Budget Item 103 F & 103 I.2:

"As part of the report required by § 36-142 of the Code of Virginia, report to the Chairmen of HAC and SFC on the proposed use of recent additional appropriations to the Housing Trust Fund as well as the impact of loans and grants awarded through the fund. This must include, but is not limited to: (i) the number affordable rental housing units repaired or newly constructed, (ii) the number of individuals receiving down payment and/or closing assistance, and (iii) accomplishments in reducing homelessness achieved by the additional support provided through the fund."