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Council adopts RRHA bond resolution to finance 48-unit project at 115 North Jefferson Street
Summary
The Richmond City Council voted to adopt resolution 2026-R014 authorizing up to $8 million in RRHA multifamily revenue bonds for an approximately 48-unit project at 115 North Jefferson Street; the vote passed with one abstention (Miss Gibson).
The Richmond City Council on April 13 adopted resolution 2026-R014, approving the issuance by the Richmond Redevelopment and Housing Authority of multifamily housing revenue bonds in an amount up to $8,000,000 for the acquisition, construction and equipping of an approximately 48-unit multifamily residential rental project at 115 North Jefferson Street.
Deputy Clerk read the paper for expedited consideration and council voted to move the paper forward; the council later voted on the resolution itself. Councilmember Breton, Vice President Jurden and several colleagues voted in favor; Councilmember Gibson recorded an abstention. The resolution was adopted and is effective as of April 13, 2026.
Why it matters: The resolution clears a financing step for a proposed multifamily rental project intended to add roughly 48 units to the city's housing supply. The measure was handled by expedited consideration and does not, in itself, appropriate city general-fund dollars.
What comes next: RRHA will pursue bond issuance consistent with the adopted resolution and follow applicable administrative steps for closing and project implementation.
