SB490
Mixed-income housing; creating a two-year pilot program that provides load origination, etc.
Status:
Passed
Latest Action:
March 31, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Chief Patron:
Schuyler VanValkenburg (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Department of Housing and Community Development; loans for the construction of mixed-income housing developments; 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 ... (More) year of the pilot program. (Less)-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26103258D
- 01/13/2026 - Senate: Referred to Committee on General Laws and Technology
- 01/21/2026 - Senate: Assigned GL&T sub: Housing
- 01/28/2026 - Senate: Senate subcommittee offered
- 02/04/2026 - Senate: Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (15-Y 0-N)
- 02/04/2026 - Senate: Rereferred to Finance and Appropriations
- 02/04/2026 - Senate: Senate committee offered
- 02/05/2026 - Senate: Committee substitute printed 26106993D-S1
- 02/05/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB490)
- 02/12/2026 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/13/2026 - Senate: Rules suspended
- 02/13/2026 - Senate: Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A)
- 02/13/2026 - Senate: Committee substitute printed 26107936D-S2
- 02/13/2026 - Senate: Passed by for the day
- 02/16/2026 - Senate: Read second time
- 02/16/2026 - Senate: Committee substitute rejected (Voice Vote)
- 02/16/2026 - Senate: Committee substitute agreed to (Voice Vote)
- 02/16/2026 - Senate: Engrossed by Senate - committee substitute Block Vote (Voice Vote)
- 02/16/2026 - Senate: Rules suspended
- 02/16/2026 - Senate: Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A)
- 02/16/2026 - Senate: Read third time and passed Senate Block Vote (39-Y 0-N 0-A)
- 02/16/2026 - Senate: Blank Action
- 02/18/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB490)
- 02/19/2026 - House: Placed on Calendar
- 02/19/2026 - House: Read first time
- 02/19/2026 - House: Referred to Committee on Appropriations
- 02/19/2026 - House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
- 02/24/2026 - House: Placed on Appropriations Agenda
- 02/25/2026 - House: House committee offered
- 02/25/2026 - House: Reported from Appropriations with substitute (17-Y 5-N)
- 02/25/2026 - House: Committee substitute printed 26108542D-H1
- 02/27/2026 - House: Read second time
- 03/02/2026 - House: Read third time
- 03/02/2026 - House: committee substitute agreed to
- 03/02/2026 - House: Engrossed by House - committee substitute
- 03/02/2026 - House: Passed House with substitute (67-Y 32-N 0-A)
- 03/02/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB490)
- 03/04/2026 - Senate: House substitute rejected by Senate (0-Y 40-N 0-A)
- 03/05/2026 - House: House insisted on substitute
- 03/05/2026 - House: House requested conference committee
- 03/09/2026 - Senate: Senate acceded to request Block Vote (40-Y 0-N 0-A)
- 03/09/2026 - Senate: Conferees appointed by Senate
- 03/09/2026 - Senate: Senate Conferees: VanValkenburg, Locke, Pillion
- 03/10/2026 - House: Conferees appointed by House
- 03/10/2026 - House: House Conferees: Helmer, Thomas, Wiley
- 03/13/2026 - Conference Report released
- 03/13/2026 - Senate: Conference report agreed to by Senate (39-Y 0-N 0-A)
- 03/14/2026 - House: Conference report agreed to by House (66-Y 30-N 0-A)
- 03/30/2026 - Senate: Enrolled
- 03/30/2026 - Senate: Bill text as passed Senate and House (SB490ER)
- 03/30/2026 - Senate: Signed by President
- 03/31/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB490)
- 03/31/2026 - House: Signed by Speaker
- 03/31/2026 - Senate: Enrolled Bill communicated to Governor on March 31, 2026
- 03/31/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
