Urban Public-Private Partnership Redevelopment Fund; funding requirements, report.
Continued from last session
Summary
The bill rewrites Virginia’s Urban Public‑Private Partnership Redevelopment Fund to allow more types of private partners, remove the $500,000 grant limit and the 100 % local‑match condition, and require annual state reports on fund use. It also creates a work group to set criteria for awarding grants, especially to financially stressed localities, and repeals the Housing Revitalization Zone Act.
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