HB 352 VA

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Became Law

Local authority; affordable housing performance grant programs. Allows any locality that has created an industrial development authority or economic development authority (the Authority) to establish, by ordinance, an affordable housing performance grant program. The bill outlines that such ordinance authorizes the Authority to award affordable housing performance grants to qualifying applicants. Such an ordinance must include: (i) a definition of affordable housing; (ii) grant application guidelines and processes, including an identification of the local officer that is designated to receive applications; (iii) criteria for determining whether the construction or improvement of property qualifies for the awarding of the grant; (iv) provisions that require an applicant seeking the award of a grant to acquire appropriate permits and complete the construction or improvement to develop affordable housing before such a grant will be awarded; (v) provisions that require an applicant seeking the award of a grant to present evidence demonstrating that he has filed and recorded a restrictive covenant to provide affordable housing on the property for a set term, as determined by the ordinance, provided that such term shall be no more than 30 years, on the subject qualifying property before such a grant will be awarded; and (vi) a timeline for the Authority to award grants to qualifying applicants, which may be either upon the completion of the construction or improvement of the property, or on January 1 of the year following the completion of the construction or improvement of the property. The bill also limits the total amount of any such grant to being no more than the amount equal to the increase in assessed value resulting from the construction or improvement of a property. Finally, the bill permits a locality that adopts such ordinance to impose a fee, not to exceed $250, to offset the costs of processing an application.

• Joshua E. Thomas Democratic · primary

1. Jan 12, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104537D · lower
2. Jan 12, 2026 Referred to Committee on Counties, Cities and Towns · lower
3. Jan 20, 2026 Assigned HCCT sub: Subcommittee #2 · lower
4. Jan 22, 2026 Subcommittee recommends reporting (8-Y 0-N) · lower
5. Jan 23, 2026 Reported from Counties, Cities and Towns (19-Y 1-N) · lower
6. Jan 27, 2026 Read first time · lower
7. Jan 28, 2026 Read second time and engrossed · lower
8. Jan 29, 2026 Read third time and passed House (78-Y 21-N 0-A) · lower
9. Jan 30, 2026 Constitutional reading dispensed (on 1st reading) · upper
10. Jan 30, 2026 Referred to Committee on Local Government · upper
11. Mar 2, 2026 Reported from Local Government (11-Y 4-N) · upper
12. Mar 3, 2026 Rules suspended · upper
13. Mar 3, 2026 Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A) · upper
14. Mar 3, 2026 Passed by for the day Block Vote (Voice Vote) · upper
15. Mar 4, 2026 Read third time · upper
16. Mar 4, 2026 Passed Senate (25-Y 15-N 0-A) · upper
17. Mar 11, 2026 Enrolled · lower
18. Mar 11, 2026 Bill text as passed House and Senate (HB352ER) · lower
19. Mar 11, 2026 Signed by President · upper
20. Mar 12, 2026 Signed by Speaker · lower
21. Mar 14, 2026 Enrolled Bill communicated to Governor on March 14, 2026 · lower
22. Mar 14, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
23. Apr 8, 2026 Approved by Governor-Chapter 386 (effective 7/1/2026) · executive
24. Apr 8, 2026 Acts of Assembly Chapter text (CHAP0386) · executive

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Chaptered · PDF
• Chaptered · HTML
• Enrolled · PDF
• Enrolled · HTML
• Introduced · PDF
• Introduced · HTML