Richmond, VA – In 2010, RISC decided to tackle the severe shortage of affordable housing in Richmond. RISC leaders found that almost one in four Richmonders pays 50% or more of their income on housing (30% or more is deemed unaffordable according to the U.S. Department of Housing). Families that pay more than 50% of their income on housing are at greater risk of becoming homeless. With close to 1,200 people present at RISC’s 2014 Nehemiah Action, the Mayor of Richmond allocated $1 million dollars for the Affordable Housing Trust Fund in his 2014-2015 budget. The Affordable Housing Trust Fund will create affordable housing and several hundred jobs within the city of Richmond. Funding is expected to begin in the winter of 2014.
Affordable HousingRISC
RISC steps in to address affordable housing crisis in Richmond
Home » RISC steps in to address affordable housing crisis in Richmond
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