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HB 5382

Relating to the Neighborhood Investment Program.

2026 Regular Session Introduced by Eric Brooks and 8 co-sponsors

HB 5382 establishes West Virginia's Neighborhood Investment Program to incentivize community development, now advancing toward House passage after Senate approval.

Chapter 243, Acts, Regular Session, 2026
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Bill Summary · HB 5382

Legislative bill overview

HB 5382 establishes or modifies West Virginia's Neighborhood Investment Program, which appears designed to incentivize development or reinvestment in specific neighborhoods or communities. The bill has advanced through the Senate and is currently in House consideration. Without access to the specific text, the exact mechanisms—whether through tax credits, grants, loan programs, or regulatory changes—cannot be definitively stated.

Why is this important

Neighborhood investment programs can stimulate economic development, increase property values, and improve community infrastructure in targeted areas. However, the real-world impact depends entirely on funding levels, eligibility criteria, and whether the program effectively reaches intended beneficiaries versus potentially subsidizing development that would occur anyway.

Potential points of contention

  • Funding source and fiscal impact: Whether the program is adequately funded and whether it diverts resources from other state priorities
  • Geographic targeting criteria: Questions about which neighborhoods qualify, whether selection is equitable, and whether it favors certain regions over others
  • Accountability and measurable outcomes: Whether the program includes clear metrics to evaluate success and prevent misuse of incentives
  • Private sector involvement: The degree to which private developers benefit versus direct community improvements, and whether public investment truly leverages private capital

Compiled from official sources — confirm details with the bill’s official record.

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