Richmond, VA - Today, Mayor Danny Avula announced plans to expand access to affordable housing by adding $2 million to the City's Affordable Housing Trust Fund (AHTF). To make this investment, Mayor Avula will introduce a budget amendment transferring $2 million from the Delinquent Sales Tax Special Fund into the AHTF. This new investment would bring the City's FY 26 Affordable Housing Trust Fund allocation to $15 million, building on the $13 million already being deployed in this fiscal year.

The Delinquent Tax Sales Special Fund holds proceeds from the sale of properties with unpaid real estate taxes. Under Virginia State Code §58.1-3965, properties may be sold for delinquent real estate taxes when those taxes are delinquent for two years or one year if the property has been condemned, deemed a nuisance or derelict, or has been declared blighted.

This investment reflects the Avula Administration's Thriving Neighborhood pillar - an ongoing commitment to ensuring Richmonders at every income level can access safe, quality housing in neighborhoods with strong public amenities.

"Everywhere I go, Richmonders tell me how urgently we need more affordable housing. I support that wholeheartedly, because this incredible city should be a place where people at every income level can access safe, quality homes in neighborhoods with strong public amenities," says Mayor Danny Avula."

"We continue to make strides on addressing affordable housing, and this step is an important one. The people of Richmond want and deserve affordable housing, and I will continue to advocate for housing as a top priority," says Richmond City Councilmember Ellen Robertson.

"I appreciate the leadership of Councilwoman Ellen Robertson over many years in fighting for greater investments in affordable housing," added Mayor Danny Avula. "I look forward to continued partnership with Ms. Robertson and all of City Council as we work to move forward this shared priority."