Mixed-income housing; creating a two-year pilot program that provides loan origination, etc.

Removed the requirement to create a two-year pilot program for mixed-income housing loans.

Added a new permanent program focused on funding public infrastructure for new residential developments in Planning Districts 8 and 23.

Removed eligibility criteria for individuals, nonprofits, and other entities to receive loans for housing projects.

Restricted eligibility to local governments (counties, cities, etc.) applying for infrastructure projects.

Added a new definition for 'Financial Viability Manager' (Virginia Resources Authority) to review loan proposals.

Removed definitions related to 'Eligible entity', 'HDA', and 'Housing project'.

Added a new definition for 'Project' specifying water, sewer, and transportation infrastructure.

Added a requirement that the Financial Viability Manager must approve any loan before the Department can issue it.

Changed the funding source from the Virginia Housing Trust Fund to unspecified appropriated moneys.

Removed the creation of the permanent 'Virginia Residential Development Infrastructure Fund' and its associated sections regarding general infrastructure grants and loans.

Established a funding mechanism using up to 15% of the annual deposit to the Virginia Housing Trust Fund, replacing the new special fund in the treasury.

Added a specific two-year pilot program focused on mixed-income housing, replacing the general residential development focus.

Introduced new definitions for 'Eligible entity' and 'Housing project' specifically related to mixed-income developments.

Changed the reporting requirement from an annual report on general infrastructure to a specific report on loan awards, unit creation by income/rent, and occupancy rates for mixed-income projects.

Removed provisions allowing the state to seize assets or take legal action against local governments for loan defaults.