The City of Richmond is inviting feedback about its Consolidated 5 Year Financial Plan, which includes a huge reduction in capital funding for affordable housing in the city. This is an opportunity to tell the City to change this plan. We should be increasing the funding for affordable housing, not slashing it. Please follow the link below to a simple form where you can give your feedback. The form needs to be completed before midnight on Sunday, Jan. 9.
Here is a summary of our concerns, which you could draw on as you offer your feedback:
One of most important social issues in our city is affordable housing. A growing number of Richmond residents are depending on food banks and sinking deeper into poverty due to housing costs. Thus, it is shocking to see that the proposed 5 Year Plan includes a huge reduction in the capital funding for affordable housing (from $650K in 2021 to $400K in 2022-2026), an immediate 38% reduction! While the overall budget is being increased substantially over that period, the capital assigned for affordable housing remains the same, which means an ever-shrinking portion of the overall budget will be dedicated for affordable housing.
It is deeply troubling that our city would reduce its commitment to affordable housing, and by so much. The City’s own reports indicate a dire need for more affordable (non-market) housing (see article). We should be increasing the funding for affordable housing, not slashing it. Please revise the plan to restore and increase funding for this essential need in our city.
Take the Planning our Financial Future Survey (Note: you may need to register with your email and postal code if you are not already registered.)