HB 1398 - Establishes Frameworks to Preserve Local Housing - Virginia Key Vote
Timeline
- Executive Vetoed
- April 8, 2024
- Senate Bill Passed
- March 5, 2024
- House Bill Passed
- Feb. 12, 2024
- Introduced
- Jan. 17, 2024
Related Issues
Stage Details
Title: Establishes Frameworks to Preserve Local Housing
Vetoed by Governor Glenn Youngkin
Title: Establishes Frameworks to Preserve Local Housing
Vote Smart's Synopsis:
Vote to pass a bill that establishes frameworks to preserve local housing in Virginial.
Highlights:
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Authorizes a locality to record in the land records where the property is located and deliver to a housing owner a right of first refusal form including appropriate information, no later than 2 months before the termination of affordability restrictions (§36-180).
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Authorizes a locality or qualified designee to deliver a matching offer to purchase the property within 30 days, which the owner must accept (§36-180).
Title: Establishes Frameworks to Preserve Local Housing
Vote Smart's Synopsis:
Vote to pass a bill that establishes frameworks to preserve local housing in Virginial.
Highlights:
-
Authorizes a locality to record in the land records where the property is located and deliver to a housing owner a right of first refusal form including appropriate information, no later than 2 months before the termination of affordability restrictions (§36-180).
-
Authorizes a locality or qualified designee to deliver a matching offer to purchase the property within 30 days, which the owner must accept (§36-180).
Title: Establishes Frameworks to Preserve Local Housing