Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears Affordable Housing Trust Fund briefing; forwards Walmsley revitalization resolution
Summary
Housing staff briefed the committee on the Affordable Housing Trust Fund's history, recent increases and program changes; the committee also forwarded a resolution designating 4611 Walmsley Boulevard as a revitalization area to allow the developer Links Venture to pursue Virginia Housing financing for a 219-unit, $64 million project.
City housing staff presented a detailed briefing on the Affordable Housing Trust Fund (AHTF), and the committee voted to forward a resolution designating 4611 Walmsley Boulevard as a revitalization area so the developer can pursue Virginia Housing financing.
Merrick Malone, director of Housing and Community Development, described the AHTF's history (created by ordinance in 2004), recent funding inflows and program oversight. Malone said the fund has received just over $42.3 million overall, with roughly $32.4 million coming through an EAHP program from FY2024 through FY2026; staff linked those recent investments with…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
