VPLC Issues to Watch: Housing Affordability & Stability

Thursday, January 12th, 2023

VPLC supports legislative changes that address the rental housing crisis and strengthen housing stability, including:

  • a significant increase to the Virginia Eviction Reduction Fund to enable more localities to receive funding. VERP funds local emergency rental assistance and other local programs to prevent evictions.​
  • establish and fund the Virginia Housing Stability Fund to provide long-term rental assistance to families stabilize rent by providing localities with the option of setting limits on how much residential rents can increase each year
  • reduce the maximum allowable security deposit from two months’ rent to one month’s rent, and establish a faster process for security deposit returns
  • require better notice of any rent increase
  • improve opportunities for tenants to pay what they owe before their landlord files an eviction case in court
  • empower localities to bring actions against residential landlords to enforce the health and safety provisions of the Virginia Residential Landlord and Tenant Act

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