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HB 143

Surplus real property; prioritization of disposition for affordable and middle-income housing.

2026 Regular Session Introduced by Josh Cole and 6 co-sponsors

Virginia bill prioritizes surplus state property sales for affordable and middle-income housing development over other disposition methods.

Continued to next session in General Laws (Voice Vote)
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Bill Summary · HB 143

Legislative bill overview

HB 143 requires Virginia state agencies to prioritize the sale or disposition of surplus real property for affordable and middle-income housing development before considering other uses. The bill establishes a structured process giving housing developers a defined period to propose qualified projects on state-owned land deemed excess to agency needs.

Why is this important

Virginia faces significant housing affordability challenges, with limited affordable stock in many communities. By redirecting underutilized state property toward housing production rather than alternative sales, the bill could increase affordable housing supply without requiring new public funding, though actual impact depends on property availability and market conditions.

Potential points of contention

  • Fiscal impact uncertainty: The January 2026 fiscal impact statement suggests potential revenue implications for state budgets when properties might otherwise generate general fund proceeds from commercial sales
  • Implementation feasibility: Identifying truly surplus properties, coordinating across multiple agencies, and establishing timely developer notification systems requires significant administrative infrastructure
  • Market constraints: State-owned properties may not be located in areas with development demand or suitable for housing projects, limiting practical applicability and potentially creating delays in property disposition

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

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