SB 490 VA

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To Executive

Department of Housing and Community Development; loans for the construction of mixed income housing; report. Directs the Department of Housing and Community Development, in collaboration with the Virginia Housing Development Authority, to create a two-year pilot program that would provide loan origination and servicing activities for mixed income housing and submit a report on its findings to the General Assembly by November 1 of each year of the pilot program. The bill provides that any funding for the pilot program, subject to the appropriation act, shall be utilized from up to 15 percent of the annual deposit made to the Virginia Housing Trust Fund. This bill is identical to HB 196 and HB 820.

• Schuyler T. VanValkenburg Democratic · primary

1. Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26103258D · upper
2. Jan 13, 2026 Referred to Committee on General Laws and Technology · upper
3. Jan 21, 2026 Assigned GL&T sub: Housing · upper
4. Jan 28, 2026 Senate subcommittee offered · upper
5. Feb 4, 2026 Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (15-Y 0-N) · upper
6. Feb 4, 2026 Senate committee offered · upper
7. Feb 5, 2026 Committee substitute printed 26106993D-S1 · upper
8. Feb 5, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB490) · upper
9. Feb 12, 2026 Reported from Finance and Appropriations with substitute (15-Y 0-N) · upper
10. Feb 13, 2026 Rules suspended · upper
11. Feb 13, 2026 Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A) · upper
12. Feb 13, 2026 Committee substitute printed 26107936D-S2 · upper
13. Feb 13, 2026 Passed by for the day · upper
14. Feb 16, 2026 Read second time · upper
15. Feb 16, 2026 Committee substitute rejected (Voice Vote) · upper
16. Feb 16, 2026 Committee substitute agreed to (Voice Vote) · upper
17. Feb 16, 2026 Engrossed by Senate - committee substitute Block Vote (Voice Vote) · upper
18. Feb 16, 2026 Rules suspended · upper
19. Feb 16, 2026 Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A) · upper
20. Feb 16, 2026 Read third time and passed Senate Block Vote (39-Y 0-N 0-A) · upper
21. Feb 16, 2026 Blank Action · upper
22. Feb 18, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB490) · upper
23. Feb 19, 2026 Placed on Calendar · lower
24. Feb 19, 2026 Read first time · lower
25. Feb 19, 2026 Referred to Committee on Appropriations · lower
26. Feb 19, 2026 Assigned HAPP sub: Commerce Agriculture & Natural Resources · lower
27. Feb 25, 2026 House committee offered · lower
28. Feb 25, 2026 Reported from Appropriations with substitute (17-Y 5-N) · lower
29. Feb 25, 2026 Committee substitute printed 26108542D-H1 · lower
30. Feb 27, 2026 Read second time · lower
31. Mar 2, 2026 Read third time · lower
32. Mar 2, 2026 committee substitute agreed to · lower
33. Mar 2, 2026 Engrossed by House - committee substitute · lower
34. Mar 2, 2026 Passed House with substitute (67-Y 32-N 0-A) · lower
35. Mar 2, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB490) · upper
36. Mar 4, 2026 House substitute rejected by Senate (0-Y 40-N 0-A) · upper
37. Mar 5, 2026 House insisted on substitute · lower
38. Mar 5, 2026 House requested conference committee · lower
39. Mar 9, 2026 Senate acceded to request Block Vote (40-Y 0-N 0-A) · upper
40. Mar 9, 2026 Conferees appointed by Senate · upper
41. Mar 9, 2026 Senate Conferees: VanValkenburg, Locke, Pillion · upper
42. Mar 10, 2026 Conferees appointed by House · lower
43. Mar 10, 2026 House Conferees: Helmer, Thomas, Wiley · lower
44. Mar 13, 2026 Conference Report released · legislature
45. Mar 13, 2026 Conference report agreed to by Senate (39-Y 0-N 0-A) · upper
46. Mar 14, 2026 Conference report agreed to by House (66-Y 30-N 0-A) · lower
47. Mar 30, 2026 Enrolled · upper
48. Mar 30, 2026 Bill text as passed Senate and House (SB490ER) · upper
49. Mar 30, 2026 Signed by President · upper
50. Mar 31, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB490) · upper
51. Mar 31, 2026 Signed by Speaker · lower
52. Mar 31, 2026 Enrolled Bill communicated to Governor on March 31, 2026 · upper
53. Mar 31, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
54. Apr 12, 2026 Governor's recommendation received by Senate · 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.

• Governor's Recommendation · HTML
• Enrolled · PDF
• Enrolled · HTML
• Conference Report · HTML
• Appropriations Substitute · PDF
• Appropriations Substitute · HTML
• Appropriations Substitute · PDF
• Appropriations Substitute · HTML
• Finance and Appropriations Substitute · PDF
• Finance and Appropriations Substitute · HTML
• General Laws and Technology Substitute · PDF
• General Laws and Technology Substitute · HTML
• General Laws and Technology Substitute · PDF
• General Laws and Technology Substitute · HTML
• General Laws and Technology Substitute · PDF
• General Laws and Technology Substitute · HTML
• Introduced · PDF
• Introduced · HTML