SB285
Urban Public-Private Partnership Redevelopment grant program; DHCD to review, etc.
Status:
Passed
Latest Action:
March 12, 2026
House: Passed House (96-Y 0-N 0-A)
Chief Patron:
Lashrecse Aird (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Urban Public-Private Partnership Redevelopment Fund; funding requirements; report.
Directs the Department of Housing and Community Development to review and develop criteria and guidelines for the administration of the Urban Public-Private Partnership Redevelopment grant program in consultation with the Virginia Association of Counties, the Virginia First Cities Coalition, the Virginia Municipal League, and the Virginia Economic Developers Association. The ... (More) bill requires such criteria to include (i) award prioritization for (a) localities experiencing an above average and high level of fiscal stress as designated by the Commission on Local Government in its most recent Report on Comparative Revenue Capacity, Revenue Effort, and Fiscal Stress of Virginia's Cities and Counties and (b) localities experiencing a significant decrease in commercial real estate assessments and (ii) the amount and type of local matches with consideration of both monetary and non-monetary contribution requirements. The bill requires the Director of the Department to report the Department's findings to the Chairs of the Senate Committee on Finance and Appropriations, the Senate Committee on General Laws and Technology, the House Committee on Appropriations, and the House Committee on General Laws no later than November 1, 2026. (Less)-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26102166D
- 01/13/2026 - Senate: Referred to Committee on Local Government
- 01/19/2026 - Senate: Reported from Local Government and rereferred to Finance and Appropriations (15-Y 0-N)
- 01/19/2026 - Senate: Rereferred to Finance and Appropriations
- 01/22/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB285)
- 01/28/2026 - Senate: Reported from Finance and Appropriations with substitute (13-Y 0-N)
- 01/28/2026 - Senate: Committee substitute printed 26106389D-S1
- 01/29/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB285)
- 01/29/2026 - Senate: Rules suspended
- 01/29/2026 - Senate: Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A)
- 01/29/2026 - Senate: Passed by for the day (Voice Vote)
- 01/29/2026 - Senate: Passed by for the day
- 01/30/2026 - Senate: Read second time
- 01/30/2026 - Senate: Finance and Appropriations Substitute agreed to
- 01/30/2026 - Senate: Engrossed by Senate (Voice Vote)
- 01/30/2026 - Senate: Engrossed by Senate - committee substitute
- 01/30/2026 - Senate: Finance and Appropriations Substitute agreed to
- 02/02/2026 - Senate: Read third time and passed Senate (40-Y 0-N 0-A)
- 02/05/2026 - House: Placed on Calendar
- 02/05/2026 - House: Read first time
- 02/05/2026 - House: Referred to Committee on Rules
- 03/01/2026 - House: Assigned HRUL sub: Studies Subcommittee
- 03/01/2026 - House: Placed on Rules Agenda
- 03/02/2026 - House: Subcommittee recommends reporting and referring to Appropriations (5-Y 0-N)
- 03/05/2026 - House: Placed on Rules Agenda
- 03/06/2026 - House: Reported from Rules and referred to Appropriations (18-Y 0-N)
- 03/06/2026 - House: Referred to Committee on Appropriations
- 03/06/2026 - House: Placed on Appropriations Agenda
- 03/09/2026 - House: Placed on Appropriations Agenda
- 03/09/2026 - House: Reported from Appropriations (22-Y 0-N)
- 03/11/2026 - House: Read second time
- 03/12/2026 - House: Read third time
- 03/12/2026 - House: Passed House (96-Y 0-N 0-A)
