VA SB 490
vetoedMixed-income housing; creating a two-year pilot program that provides loan origination, etc.
Virginia · 2026 Regular Session · upper
Quick answers
Did VA SB 490 pass?
No. VA SB 490 passed the legislature but was vetoed on 2026-04-12. Latest recorded action (2026-04-12): Governor's recommendation received by Senate
What is VA SB 490 about?
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.
Who sponsors VA SB 490?
Schuyler T. VanValkenburg is the primary sponsor of VA SB 490.
Description
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.
- Introduced
- 2026-01-13
- Latest action
- 2026-04-12 — Governor's recommendation received by Senate
- Bill type
- bill
- Last updated
- —
Sponsors
- Schuyler T. VanValkenburgprimary
Committees
Not provided by source.
Action timeline
2026-01-13
Prefiled and ordered printed; Offered 01-14-2026 26103258D
filing,introduction
2026-01-13
Referred to Committee on General Laws and Technology
referral-committee
2026-01-21
Assigned GL&T sub: Housing
referral-committee
2026-01-28
Senate subcommittee offered
2026-02-04
Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (15-Y 0-N)
committee-passage
2026-02-04
Senate committee offered
2026-02-05
Committee substitute printed 26106993D-S1
substitution
2026-02-05
Fiscal Impact Statement from Department of Planning and Budget (SB490)
2026-02-12
Reported from Finance and Appropriations with substitute (15-Y 0-N)
committee-passage
2026-02-13
Rules suspended
2026-02-13
Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A)
2026-02-13
Committee substitute printed 26107936D-S2
substitution
2026-02-13
Passed by for the day
2026-02-16
Read second time
reading-2
2026-02-16
Committee substitute rejected (Voice Vote)
2026-02-16
Committee substitute agreed to (Voice Vote)
substitution
2026-02-16
Engrossed by Senate - committee substitute Block Vote (Voice Vote)
substitution
2026-02-16
Rules suspended
2026-02-16
Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A)
2026-02-16
Read third time and passed Senate Block Vote (39-Y 0-N 0-A)
passage,reading-3
2026-02-16
Blank Action
2026-02-18
Fiscal Impact Statement from Department of Planning and Budget (SB490)
2026-02-19
Placed on Calendar
2026-02-19
Read first time
reading-1
2026-02-19
Referred to Committee on Appropriations
referral-committee
2026-02-19
Assigned HAPP sub: Commerce Agriculture & Natural Resources
referral-committee
2026-02-25
House committee offered
2026-02-25
Reported from Appropriations with substitute (17-Y 5-N)
committee-passage
2026-02-25
Committee substitute printed 26108542D-H1
substitution
2026-02-27
Read second time
reading-2
2026-03-02
Read third time
reading-3
2026-03-02
committee substitute agreed to
substitution
2026-03-02
Engrossed by House - committee substitute
substitution
2026-03-02
Passed House with substitute (67-Y 32-N 0-A)
passage
2026-03-02
Fiscal Impact Statement from Department of Planning and Budget (SB490)
2026-03-04
House substitute rejected by Senate (0-Y 40-N 0-A)
2026-03-05
House insisted on substitute
substitution
2026-03-05
House requested conference committee
referral-committee
2026-03-09
Senate acceded to request Block Vote (40-Y 0-N 0-A)
2026-03-09
Conferees appointed by Senate
2026-03-09
Senate Conferees: VanValkenburg, Locke, Pillion
2026-03-10
Conferees appointed by House
2026-03-10
House Conferees: Helmer, Thomas, Wiley
2026-03-13
Conference Report released
2026-03-13
Conference report agreed to by Senate (39-Y 0-N 0-A)
committee-passage-favorable
2026-03-14
Conference report agreed to by House (66-Y 30-N 0-A)
committee-passage-favorable
2026-03-30
Enrolled
enrolled
2026-03-30
Bill text as passed Senate and House (SB490ER)
passage
2026-03-30
Signed by President
passage
2026-03-31
Fiscal Impact Statement from Department of Planning and Budget (SB490)
2026-03-31
Signed by Speaker
passage
2026-03-31
Enrolled Bill communicated to Governor on March 31, 2026
enrolled,executive-receipt
2026-03-31
Governor's Action Deadline 11:59 p.m., April 13, 2026
executive-receipt
2026-04-12
Governor's recommendation received by Senate
executive-veto-line-item
Versions
Documents
Votes
Reported from General Laws and Technology with substitute
2026-02-04 · pass · 15-0
Member-level votes (15)
- Adam P. Ebbin: yes
- Mamie E. Locke: yes
- Bryce E. Reeves: yes
- Jeremy S. McPike: yes
- Todd E. Pillion: yes
- Aaron R. Rouse: yes
- Christopher T. Head: yes
- Emily M. Jordan: yes
- Lashrecse D. Aird: yes
- Schuyler T. VanValkenburg: yes
- Danica A. Roem: yes
- Jennifer D. Carroll Foy: yes
- Timmy French: yes
- Christie New Craig: yes
- Angelia Williams Graves: yes
Reported from Finance and Appropriations with substitute
2026-02-12 · pass · 15-0
Member-level votes (15)
- L. Louise Lucas: yes
- R. Creigh Deeds: yes
- Mamie E. Locke: yes
- David W. Marsden: yes
- Adam P. Ebbin: yes
- Ryan T. McDougle: yes
- Mark D. Obenshain: yes
- Richard H. Stuart: yes
- Bryce E. Reeves: yes
- Barbara A. Favola: yes
- Scott A. Surovell: yes
- Jeremy S. McPike: yes
- Jennifer B. Boysko: yes
- Todd E. Pillion: yes
- Aaron R. Rouse: yes
Constitutional reading dispensed R
2026-02-13 · pass · 35-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Jennifer B. Boysko: yes
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Adam P. Ebbin: yes
- Barbara A. Favola: yes
- Timmy French: not voting
- T. Travis Hackworth: not voting
- Christopher T. Head: not voting
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: not voting
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: not voting
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Constitutional reading dispensed (on 3rd reading)
2026-02-16 · pass · 39-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Jennifer B. Boysko: not voting
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Adam P. Ebbin: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Passage R
2026-02-16 · pass · 39-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Jennifer B. Boysko: not voting
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Adam P. Ebbin: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Reported from Appropriations with substitute
2026-02-25 · pass · 17-5
Member-level votes (22)
- Luke E. Torian: yes
- Betsy B. Carr: yes
- Delores L. McQuinn: yes
- Paul E. Krizek: yes
- C.E. Cliff Hayes, Jr.: yes
- David A. Reid: yes
- Rodney T. Willett: yes
- Briana D. Sewell: yes
- Alex Q. Askew: yes
- Charniele L. Herring: yes
- Marcia S. "Cia" Price: yes
- Kathy K.L. Tran: yes
- Shelly A. Simonds: yes
- Joshua E. Thomas: yes
- Amy J. Laufer: yes
- Terry L. Austin: no
- James W. Morefield: yes
- Robert S. Bloxom, Jr.: yes
- M. Keith Hodges: no
- Scott A. Wyatt: no
- Bill Wiley: no
- Ellen H. McLaughlin: no
H VOTE:
2026-03-02 · pass · 67-32
Member-level votes (99)
- Jessica L. Anderson: yes
- Bonita G. Anthony: yes
- Alex Q. Askew: yes
- Terry L. Austin: no
- Jason S. Ballard: no
- Robert S. Bloxom, Jr.: yes
- Gretchen M. Bulova: yes
- Katrina Callsen: yes
- Karen R. "Kacey" Carnegie: yes
- Betsy B. Carr: yes
- Stacey Annie Carroll: yes
- Mike A. Cherry: no
- Nadarius E. Clark: yes
- Laura Jane Cohen: yes
- Joshua G. Cole: yes
- Nicole Cole: yes
- Kelly K. Convirs-Fowler: yes
- Mitchell Cornett: no
- Rae Cousins: yes
- Will Davis: no
- Karrie K. Delaney: yes
- Lindsey Dougherty: yes
- Mark C. Downey: yes
- Michael B. Feggans: yes
- Hyland F. "Buddy" Fowler, Jr.: no
- Lily V. Franklin: yes
- Margaret A. Franklin: yes
- Debra D. Gardner: yes
- Thomas A. Garrett, Jr.: no
- Jackie H. Glass: yes
- Timothy P. Griffin: no
- Elizabeth R. Guzman: yes
- Karen Hamilton: no
- C.E. Cliff Hayes, Jr.: yes
- Dan I. Helmer: yes
- Rozia A. Henson, Jr.: yes
- Phil M. Hernandez: yes
- Charniele L. Herring: yes
- M. Keith Hodges: no
- Patrick A. Hope: yes
- Hillary Pugh Kent: no
- Karen Keys-Gamarra: yes
- Terry G. Kilgore: no
- Paul E. Krizek: yes
- Amy J. Laufer: yes
- James A. "Jay" Leftwich: no
- Destiny LeVere Bolling: yes
- Alfonso H. Lopez: yes
- Michelle Lopes Maldonado: yes
- Marty Martinez: yes
- John Chilton McAuliff: yes
- Adele Y. McClure: yes
- Garrett McGuire: yes
- Ellen H. McLaughlin: no
- Joseph P. McNamara: no
- Kirk McPike: yes
- Delores L. McQuinn: yes
- Leslie Chambers Mehta: yes
- James W. Morefield: no
- May Nivar: yes
- Delores Oates: no
- Israel D. O'Quinn: no
- Justin Pence: no
- Eric Phillips: no
- Kimberly Pope Adams: yes
- Marcia S. "Cia" Price: yes
- Sam Rasoul: yes
- Atoosa R. Reaser: yes
- David A. Reid: yes
- Chris S. Runion: no
- Charlie Schmidt: yes
- Don Scott: yes
- Phillip A. Scott: no
- Holly M. Seibold: yes
- Briana D. Sewell: yes
- Irene Shin: yes
- Marcus B. Simon: yes
- Shelly A. Simonds: yes
- JJ Singh: yes
- Richard C. "Rip" Sullivan, Jr.: yes
- Anne Ferrell Tata: no
- Joshua E. Thomas: yes
- Virgil Thornton: yes
- Luke E. Torian: yes
- Kathy K.L. Tran: yes
- H. Otto Wachsmann, Jr.: yes
- Wendell S. Walker: no
- Jeion A. Ward: yes
- R. Lee Ware: no
- Vivian E. Watts: yes
- Michael J. Webert: no
- Madison Whittle: no
- Bill Wiley: no
- Rodney T. Willett: yes
- Wren M. Williams: yes
- Tony O. Wilt: no
- Thomas C. Wright, Jr.: no
- Scott A. Wyatt: no
- Eric R. Zehr: no
Concur House Substitute R
2026-03-04 · fail · 0-40
Member-level votes (40)
- Lashrecse D. Aird: no
- Lamont Bagby: no
- Elizabeth B. Bennett-Parker: no
- Jennifer B. Boysko: no
- Jennifer D. Carroll Foy: no
- Luther Cifers, III: no
- Christie New Craig: no
- R. Creigh Deeds: no
- Bill DeSteph: no
- J.D. "Danny" Diggs: no
- Tara A. Durant: no
- Barbara A. Favola: no
- Timmy French: no
- T. Travis Hackworth: no
- Christopher T. Head: no
- Michael J. Jones: no
- Emily M. Jordan: no
- Mamie E. Locke: no
- L. Louise Lucas: no
- David W. Marsden: no
- Ryan T. McDougle: no
- Jeremy S. McPike: no
- Tammy Brankley Mulchi: no
- Mark D. Obenshain: no
- Mark J. Peake: no
- Stella G. Pekarsky: no
- Russet Perry: no
- Todd E. Pillion: no
- Bryce E. Reeves: no
- Danica A. Roem: no
- Aaron R. Rouse: no
- Saddam Azlan Salim: no
- Kannan Srinivasan: no
- William M. Stanley, Jr.: no
- Richard H. Stuart: no
- Glen H. Sturtevant, Jr.: no
- David R. Suetterlein: no
- Scott A. Surovell: no
- Schuyler T. VanValkenburg: no
- Angelia Williams Graves: no
Accede Conference Committee R
2026-03-09 · pass · 40-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Elizabeth B. Bennett-Parker: yes
- Jennifer B. Boysko: yes
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Adopt Conference Committee Report R
2026-03-13 · pass · 39-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Elizabeth B. Bennett-Parker: yes
- Jennifer B. Boysko: yes
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: not voting
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
H VOTE:
2026-03-14 · pass · 66-30
Member-level votes (99)
- Jessica L. Anderson: yes
- Bonita G. Anthony: yes
- Alex Q. Askew: yes
- Terry L. Austin: no
- Jason S. Ballard: no
- Robert S. Bloxom, Jr.: yes
- Gretchen M. Bulova: yes
- Katrina Callsen: yes
- Karen R. "Kacey" Carnegie: yes
- Betsy B. Carr: yes
- Stacey Annie Carroll: not voting
- Mike A. Cherry: no
- Nadarius E. Clark: not voting
- Laura Jane Cohen: yes
- Joshua G. Cole: yes
- Nicole Cole: yes
- Kelly K. Convirs-Fowler: yes
- Mitchell Cornett: yes
- Rae Cousins: yes
- Will Davis: no
- Karrie K. Delaney: yes
- Lindsey Dougherty: yes
- Mark C. Downey: yes
- Michael B. Feggans: yes
- Hyland F. "Buddy" Fowler, Jr.: no
- Lily V. Franklin: yes
- Margaret A. Franklin: yes
- Debra D. Gardner: yes
- Thomas A. Garrett, Jr.: no
- Jackie H. Glass: yes
- Timothy P. Griffin: no
- Elizabeth R. Guzman: yes
- Karen Hamilton: no
- C.E. Cliff Hayes, Jr.: yes
- Dan I. Helmer: yes
- Rozia A. Henson, Jr.: yes
- Phil M. Hernandez: yes
- Charniele L. Herring: yes
- M. Keith Hodges: no
- Patrick A. Hope: yes
- Hillary Pugh Kent: no
- Karen Keys-Gamarra: yes
- Terry G. Kilgore: no
- Paul E. Krizek: yes
- Amy J. Laufer: yes
- James A. "Jay" Leftwich: no
- Destiny LeVere Bolling: yes
- Alfonso H. Lopez: yes
- Michelle Lopes Maldonado: yes
- Marty Martinez: yes
- John Chilton McAuliff: yes
- Adele Y. McClure: yes
- Garrett McGuire: yes
- Ellen H. McLaughlin: no
- Joseph P. McNamara: no
- Kirk McPike: yes
- Delores L. McQuinn: yes
- Leslie Chambers Mehta: yes
- James W. Morefield: no
- May Nivar: yes
- Delores Oates: no
- Israel D. O'Quinn: no
- Justin Pence: no
- Eric Phillips: yes
- Kimberly Pope Adams: yes
- Marcia S. "Cia" Price: yes
- Sam Rasoul: yes
- Atoosa R. Reaser: yes
- David A. Reid: yes
- Chris S. Runion: no
- Charlie Schmidt: yes
- Don Scott: yes
- Phillip A. Scott: no
- Holly M. Seibold: yes
- Briana D. Sewell: yes
- Irene Shin: yes
- Marcus B. Simon: yes
- Shelly A. Simonds: yes
- JJ Singh: yes
- Richard C. "Rip" Sullivan, Jr.: yes
- Anne Ferrell Tata: no
- Joshua E. Thomas: yes
- Virgil Thornton: yes
- Luke E. Torian: yes
- Kathy K.L. Tran: yes
- H. Otto Wachsmann, Jr.: yes
- Wendell S. Walker: no
- Jeion A. Ward: yes
- R. Lee Ware: no
- Vivian E. Watts: yes
- Michael J. Webert: not voting
- Madison Whittle: no
- Bill Wiley: no
- Rodney T. Willett: yes
- Wren M. Williams: no
- Tony O. Wilt: no
- Thomas C. Wright, Jr.: no
- Scott A. Wyatt: no
- Eric R. Zehr: no
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
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