Local Governments May Soon Finance Affordable Housing Through VRA

April 25, 2023 | News

On March 23, Governor Glenn Youngkin approved legislation to add affordable housing to the list of project areas that local governments may finance through VRA. HB1805 (Bloxom) and SB1401 (Lewis) were sponsored to provide another “tool in the toolbelt” for local governments to address housing affordability.

The legislation becomes effective July 1. Existing project areas are pictured.