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Richmond Housing Authority outlines redevelopment, financial plan and resident protections; councilors press for relocation details
Summary
Richmond Housing Authority officials described clean audit results and redevelopment strategy that relies on a nonprofit development arm (Richmond Development Corporation). Council members and residents pressed for concrete relocation plans and guarantees for voucher access during phased redevelopments.
Richmond Housing Authority leaders briefed the Land Use, Housing and Transportation Standing Committee on the authority’s finances, redevelopment strategy and programs intended to support homeownership for public housing residents.
RHA CEO and representatives told the committee an external audit completed earlier this year found no audit findings for the first time in many years. RHA said it remains financially vulnerable because roughly 80% of its revenue is federally funded through the U.S. Department of Housing and Urban Development; officials said they seek to diversify revenue by using a nonprofit development arm, the Richmond Development Corporation (RDC), to attract philanthropic and private capital.
RHA’s plan and the nut graf: RHA described a multi‑phase redevelopment plan…
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