SB285 • 2026

Urban Public-Private Partnership Redevelopment grant program; Board of HCD to review, etc.

An Act to require the <em style="">Board</em> of Housing and Community Development to review and develop appropriate criteria and guidelines for the administration of the Urban Public-Private Partnership Redevelopment grant program.

Housing

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Aird
Last action: 2026-04-22
Official status: Acts of Assembly Chapter
Effective date: Not listed

Plain English Breakdown

The official source does not specify the exact criteria and guidelines that will be developed, leaving some uncertainty about their content and impact.

Urban Redevelopment Grant Program Review

This act requires the Board of Housing and Community Development to create rules for giving out grants in urban areas through partnerships between public and private groups.

What This Bill Does

The Board must review and make guidelines for a grant program that helps cities with redevelopment projects involving both government and businesses.

Who It Names or Affects

The Board of Housing and Community Development
Virginia local governments seeking redevelopment grants

Terms To Know

fiscal stress: When a city or county has financial problems, like not having enough money to pay for services.
commercial real estate assessments: The value of business properties in an area as determined by local government.

Limits and Unknowns

It is unclear how much funding will be available for the grant program.
The exact criteria and guidelines have not been developed yet, so their impact on specific areas is unknown.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SB285G

2026-04-11 • Governor

Governor's Recommendation

Plain English: (SB285) GOVERNOR'S RECOMMENDATION 1.

(SB285) GOVERNOR'S RECOMMENDATION 1.
Line 2, enrolled, Title, after the strike Department insert Board 2.
Line 8, enrolled, after the strike Department insert Board 3.
Line 17, enrolled, after requirements.

Bill History

2026-04-22 Governor
Governor's recommendation adopted
2026-04-22 House
Signed by Speaker
2026-04-22 Senate
Signed by President
2026-04-22 Governor
Approved by Governor-Chapter 1001 (effective 7/1/2026)
2026-04-22 Senate
Reenrolled
2026-04-22 Senate
Reenrolled bill text (SB285ER2)
2026-04-22 Governor
Acts of Assembly Chapter text (CHAP1001)
2026-04-22 Senate
Senate concurred in Governor's recommendation (39-Y 0-N 0-A)
2026-04-22 House
House concurred in Governor's recommendation (95-Y 2-N 0-A)
2026-04-11 Governor
Governor's recommendation received by Senate
2026-04-01 Senate
Fiscal Impact Statement from Department of Planning and Budget (SB285)
2026-03-31 Senate
Enrolled Bill communicated to Governor on March 31, 2026
2026-03-31 Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
2026-03-31 House
Signed by Speaker
2026-03-31 Senate
Enrolled Bill communicated to Governor on March 31, 2026
2026-03-31 Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
2026-03-30 Senate
Signed by President
2026-03-30 Senate
Enrolled
2026-03-30 Senate
Bill text as passed Senate and House (SB285ER)
2026-03-12 House
Read third time
2026-03-12 House
Passed House Block Vote (96-Y 0-N 0-A)
2026-03-11 House
Read second time
2026-03-09 Appropriations
Reported from Appropriations (22-Y 0-N)
2026-03-06 Rules
Reported from Rules and referred to Appropriations (18-Y 0-N)
2026-03-02 Studies Subcommittee
Subcommittee recommends reporting and referring to Appropriations (5-Y 0-N)
2026-03-01 Studies Subcommittee
Assigned HRUL sub: Studies Subcommittee
2026-02-05 House
Placed on Calendar
2026-02-05 House
Read first time
2026-02-05 Rules
Referred to Committee on Rules
2026-02-02 Senate
Read third time and passed Senate Block Vote (40-Y 0-N 0-A)
2026-01-30 Senate
Read second time
2026-01-30 Senate
Engrossed by Senate - committee substitute
2026-01-30 Senate
Finance and Appropriations Substitute agreed to
2026-01-30 Finance and Appropriations
Finance and Appropriations Substitute agreed to
2026-01-30 Senate
Engrossed by Senate Block Vote (Voice Vote)
2026-01-29 Senate
Rules suspended
2026-01-29 Senate
Passed by for the day
2026-01-29 Finance and Appropriations
Fiscal Impact Statement from Department of Planning and Budget (SB285)
2026-01-29 Senate
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
2026-01-29 Senate
Passed by for the day Block Vote (Voice Vote)
2026-01-28 Finance and Appropriations
Reported from Finance and Appropriations with substitute (13-Y 0-N)
2026-01-28 Finance and Appropriations
Committee substitute printed 26106389D-S1
2026-01-22 Senate
Fiscal Impact Statement from Department of Planning and Budget (SB285)
2026-01-19 Local Government
Reported from Local Government and rereferred to Finance and Appropriations (15-Y 0-N)
2026-01-13 Senate
Prefiled and ordered printed; Offered 01-14-2026 26102166D
2026-01-13 Local Government
Referred to Committee on Local Government

Official Summary Text

Board of Housing and Community Development; administration of Urban Public-Private Partnership Redevelopment grant program; report.
Directs the Board 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 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 chair of the Board to report the Board'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.

Current Bill Text

Read the full stored bill text

An Act to require the
Board
of Housing and Community Development to review and develop appropriate criteria and guidelines for the administration of the Urban Public-Private Partnership Redevelopment grant program.
Be it enacted by the General Assembly of Virginia:
1.
§ 1. That the
Board
of Housing and Community Development shall review and develop criteria and guidelines for the administration of the Urban Public-Private Partnership Redevelopment grant program established by Chapter 24.1 (§
15.2-2414
et seq.) of Title 15.2 of the Code of Virginia in consultation with the Virginia Association of Counties, the Virginia First Cities Coalition, the Virginia Municipal League, and the Virginia Economic Developers Association. Such criteria shall 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
chair of the Board
of Housing and Community Development shall submit a report on any findings and criteria developed 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.