Virginia HB922 mandates affordable housing requirements for certain projects in counties.
Virginia HB922 establishes affordable housing requirements for residential, commercial, or mixed-use projects in counties. Projects with a density of 1.0 floor area ratio (FAR) or higher must provide Affordable Dwelling Units or make cash contributions to the county's affordable housing fund. The amount of the contribution varies based on the project's density and type. The ordinance may allow deviations from these requirements if approved by the governing body. The bill also applies to projects that result in the demolition and rebuilding of existing units.
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