Industrial development authorities; housing allowed in certain localities.
Continued from last session
Summary
The bill expands the powers of industrial development authorities in Halifax, Henry, Pittsylvania counties and the cities of Danville and Martinsville so they can support single‑ and multifamily residential facilities. It lets these authorities issue bonds and make grants for affordable housing, but they may not operate the housing or use eminent domain. The change applies only where a local housing authority has not been activated.
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