RD621 - Virginia Housing Trust Fund Structure and Use Plan and Loan and Grant Fund Impacts FY 2022 Update

Executive Summary:

The following report complies with the requirements as specified in: HB 1800 (2021, Special Session I), Budget Item 113.E.3 and § 36-142 E of the Code of Virginia.

As part of the plan required by § 36-142 E., Code of Virginia, the department shall also report on the impact of the loans and grants awarded through the fund, including but not limited to: (i) the number of affordable rental housing units repaired or newly constructed, (ii) the number of individuals receiving down payments and/or closing assistance, (iii) the progress and accomplishments in reducing homelessness achieved by the additional support provided through the fund, and (iv) the progress in expanding permanent supportive housing options.