ChangeBridge / Virginia / SB490 Signed by Governor
SB490 Senate Bill
Signed by Governor
2026-03-30

Mixed-income housing; creating a two-year pilot program that provides load origination, etc.

Department of Housing and Community Development; loans for the construction of mixed income housing; 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 year of the pilot program. The bill provides that any funding for the pilot program, subject to the appropriation act, shall be utilized from up to 15 percent of the annual deposit made to the Virginia Housing Trust Fund. This bill is identical to HB 196 and HB 820.

Bill Details

State

Virginia

Session

2026 Regular Regular Session

Chamber

Senate

Official Source

lis.virginia.gov/bill-details/20261/SB490

LegiScan

View on LegiScan

Sponsors

Schuyler VanValkenburg (Sen - D)

Action History

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

Votes

2026-02-04 Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (15-Y 0-N) Yea: 15 Nay: 0
2026-02-12 Reported from Finance and Appropriations with substitute (15-Y 0-N) Yea: 15 Nay: 0
2026-02-13 Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A) Yea: 35 Nay: 0
2026-02-16 Constitutional reading dispensed (on 3rd reading) (39-Y 0-N 0-A) Yea: 39 Nay: 0
2026-02-16 Read third time and passed Senate (39-Y 0-N 0-A) Yea: 39 Nay: 0
2026-02-25 Reported from Appropriations with substitute (17-Y 5-N) Yea: 17 Nay: 5
2026-03-02 Passed House with substitute (67-Y 32-N 0-A) Yea: 67 Nay: 32
2026-03-04 House substitute rejected by Senate (0-Y 40-N 0-A) Yea: 0 Nay: 40
2026-03-09 Senate acceded to request Block Vote (40-Y 0-N 0-A) Yea: 40 Nay: 0
2026-03-13 Conference report agreed to by Senate (39-Y 0-N 0-A) Yea: 39 Nay: 0
2026-03-14 Conference report agreed to by House (66-Y 30-N 0-A) Yea: 66 Nay: 30

Committee Referrals

2026-01-13 S General Laws and Technology
2026-01-21 S General Laws and Technology: Housing
2026-02-04 S Finance and Appropriations
2026-02-19 H Appropriations
2026-02-19 H Appropriations: Commerce Agriculture & Natural Resources

Bill Text Versions

2026-01-13 Introduced
2026-01-28 Comm Sub
2026-02-04 Comm Sub
2026-02-05 Comm Sub
2026-02-13 Comm Sub
2026-02-25 Comm Sub
2026-02-25 Comm Sub
2026-03-30 Enrolled

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