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Richmond Housing Authority adopts FY25‑26 budget; Nevin Plaza Phase 1 complete, Phase 2 planned
Summary
The Richmond Housing Authority and City Council adopted a joint FY25‑26 RHA budget and heard updates on multiple RHA projects including completion of Nevin Plaza Phase 1 and planned Phase 2 development.
The Richmond Housing Authority (RHA) and the Richmond City Council adopted a joint resolution approving the RHA proposed fiscal year 2025‑26 budget on Tuesday, formalizing planned revenues and expenditures and a requested general‑fund subsidy.
RHA Executive Director Antoinette Terrell presented the authority’s 2025‑26 budget and project updates. Terrell said Nevin Plaza Phase 1 — the renovation and transfer of 140 units developed in partnership with EAH Housing — is complete and residents are now occupying upgraded units. RHA also detailed a planned Nevin Plaza Phase 2 that would add roughly 76 affordable units behind the Phase 1 property and noted EAH Housing will hold a public meeting to share design updates.
The adopted RHA budget shows…
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