Tuesday, February 18, 2014

Tonight: Councilwoman Ellen F. Robertson invites all to attend the 2014 Richmond Affordable Housing Trust Fund Meeting: Investing in Richmond Housing

RICHMOND CITY COUNCIL
Richmond City Council – Richmond City Hall - 900 E. Broad Street, Suite 305 - Richmond, Virginia  23219 - www.council.richmondva.gov
                                                            
COUNCIL PUBLIC INFORMATION NEWS ADVISORY
IMMEDIATE RELEASE TO BE FORWARDED AND SHARED
Tuesday, 18 February 2014

Tonight: Councilwoman Ellen F. Robertson invites all to attend the 2014 Richmond Affordable Housing Trust Fund Meeting: Investing in Richmond Housing

All residents invited and encouraged to attend
         
WHAT         (Richmond, Virginia U.S.A.) - The Honorable Ellen F. Robertson, Councilwoman, Richmond City Council Richmond Gateway 6th Voter District, invites everyone to attend the 2014 Richmond Affordable Housing Trust Fund Meeting: Investing in Richmond Housing. Hosted by the Richmond City Council Affordable Housing Trust Fund Advisory Board, the planned agenda includes the following:

Welcome
Councilwoman Ellen F. Robertson, Richmond City Council Richmond Gateway 6th Voter District

Topic      
Final Recommendations to the Mayor regarding Options of Funding the Richmond Affordable Housing Trust Fund

Board     
Presentation by the Richmond City Council Affordable Housing Trust Fund Advisory Board

Q&A       
Public Input, Questions and Answers
Attendees are invited and encouraged to ask questions, provide input and discuss affordable housing.

                       The Richmond Affordable Housing Trust Fund was created to help build an even stronger community by establishing a dedicated ongoing public funding stream to produce, provide, increase and preserve access to affordable housing in Richmond for families and individuals.

WHEN         Tuesday, February 18, 2014
                    6:00-8:00 p.m.
                   
WHERE        Richmond Times-Dispatch - Conference Room
                       300 E. Franklin Street; Richmond, Virginia  23219 U.S.A.
                       Free Parking is available in the Parking Deck located on 3rd Street,
between Grace and Franklin Streets 

WHO          The Honorable Ellen F. Robertson, Councilwoman
                  Richmond City Council Richmond Gateway 6th Voter District

CONTACT   For more information, please contact Councilwoman Ellen F. Robertson,
                       at 804.646.5348 (tel), or ellen.robertson@richmondgov.com (email)
                     

BACKGROUND ______________________________________________________________________

Affordable Housing
Affordable housing serves as a measure of the overall wellbeing, livability and success of thriving communities. A stable living environment is a core foundation for helping families, children and individuals begin to grow, prosper and prepare for life-long achievement and success. Important to the existence and availability of affordable housing is the leadership and support of individuals and public, private and nonprofit entities.

Richmond City Council Affordable Housing Trust Fund Advisory Board
Established by Richmond City Council on July 23, 2012 by Richmond City Council Ordinance Number 2012-156-125, the purpose of the Richmond City Council Affordable Housing Trust Fund Advisory Board is to submit a report containing the Board's advice and recommendations concerning appropriateness of such regulations, operational policies and procedures for using the Richmond Affordable Housing Trust Fund, with respect to the following:

         1.  The ways in which the City may ensure the sustainability and proper use of the Fund                        over time and any conditions under which the Council should establish an oversight                        board or board of trustees to administer the Fund.

         2.  Potential dedicated revenue sources for the Fund.

         3.  The ratio of grants to loans to be disbursed from the Fund.

         4.  In accordance with the advice of the City Attorney or the designee thereof, the                          ways in which the City may lawfully encourage recipients of disbursements from the                        Fund to employ individuals of low and moderate income households in the projects                        for which funds are expended in accordance with the purposes of the Fund.

         5.  In accordance with the advice of the City Attorney or the designee thereof, the                          ways in which the City may lawfully encourage minority business enterprises, as                                defined in Chapter 74 of the Code of the City of Richmond (2004), as amended, to                         participate in the City’s efforts to accomplish the purposes set forth in section 58-101               of the Code of the City of Richmond (2004), as amended.

         6.  Any other factors or considerations, as the Board may identify, affecting the City’s                       ability to achieve the purposes of the Fund. 



- E N D -


Steve Skinner
Council Public Information Manager
RICHMOND CITY COUNCIL
OFFICE OF THE COUNCIL CHIEF OF STAFF
Richmond City Hall
900 E. Broad Street, Suite 305
Richmond, Virginia  23219 U.S.A.
804.646.6052 (office)
804.335.4054 (mobile)
804.937.1386 (home/mobile)
804.646.5468 (fax)
____________________________________________________

MISSION The mission of Richmond City Council is to
represent citizens in creating and amending local laws,
 providing government policy and oversight, and
approving the city budget.

VISION Richmond City Council is committed to
creating a vibrant community that is a great place
to live, work, learn, play, visit and raise a family.