RICHMOND, Va. — Virginia's General Assembly passed a bill aimed at reducing impediments to the financing, development, and construction of affordable housing units.
House Bill 2229 passed both the House of Delegates and State Senate unanimously and now heads to Governor Northam’s office for review.
The legislation expands the authority for local governments to waive building permit fees and other local fees of private sector entities involved in the construction of affordable housing.
View the full bill below:
Currently, the law only allows localities to waive building permit fees and other local fees associated with the construction, renovation, or rehabilitation of housing for 501(c)(3) organizations who are pursuing affordable housing developments.
If the bill is signed into law, it will go into effect on July 1, 2019.
