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Council committee forwards competing Affordable Housing Trust Fund ordinances to full council after public hearing; committee votes 6–1 to send both without a -

Richmond City Council Organizational Development Standing Committee · February 2, 2026
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Summary

At a public hearing, the committee heard competing proposals: the mayor’s plan would guarantee a $10 million minimum annual appropriation with limited exceptions, while a member paper would dedicate 2.5% of real estate tax revenue to the Affordable Housing Trust Fund; the committee voted to forward both ordinances to full council with no recommendation (6–1).

The Organizational Development Standing Committee held a public hearing on two competing ordinances to fund the Affordable Housing Trust Fund and voted to forward both to full council without a recommendation.

Maria Garnett, a council policy analyst, summarized the member paper (Ordinance 2026‑0018) patroned by Council Member Robertson and co‑patrons. That paper would repeal section 12‑46 and add a new section (12‑48) to allocate 2.5% of annual real estate tax revenue to the Affordable Housing Trust Fund and require annual reporting with the mayor’s budget. Garnett said that using FY24 adopted and actual real estate tax revenue as an example, 2.5% would have yielded roughly $10.96 million in that year, though FY25 and FY26 numbers were not available at the time of the presentation.

Mayor Rula presented the administration’s ordinance (Ordinance 2026‑0001), which…

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