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Senator Jordan seeks flexibility in Virginia Housing Trust Fund allocations to boost homelessness funding
Summary
Senator Jordan explained Senate Bill 1344, which would allow adjustments in the allocation ratio within the Virginia Housing Trust Fund to shift more funds toward homelessness reduction grants rather than long-term loans, citing urgent needs in Hampton Roads.
Senator Jennifer Jordan outlined Senate Bill 1344 to the Virginia Housing Commission—s work group on Aug. 19, saying the measure would give the Commonwealth flexibility to alter the Virginia Housing Trust Fund's existing allocation between loan financing and homelessness-focused grants.
"Currently, the Virginia Housing Trust Fund has a ratio of 65% that is…
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