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Committee forwards $2 million transfer from delinquent tax fund to Affordable Housing Trust Fund
Summary
The finance committee voted to forward an ordinance moving $2,000,000 from the delinquent tax sale special fund to the Affordable Housing Trust Fund with a request for a detailed account report on the delinquent tax sale program.
The Richmond City Council Standing Finance and Economic Development Committee voted unanimously to forward to full council Ordinance 2025-225, which would transfer $2,000,000 from the Delinquent Tax Sale Special Fund to the Affordable Housing Trust Fund.
Megan Brown, director of budget and strategic planning, told the committee the transfer implements an administration commitment following restitution payments…
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