Real Estate News & Current Events

User Stats

206
Posts
125
Votes
Alex Forest
  • Rental Property Investor
  • Henrico, Va
125
Votes |
206
Posts

Long term rental assistance in Virginia being explored

Alex Forest
  • Rental Property Investor
  • Henrico, Va
Posted Jun 11 2022, 14:32
This is a recent bill introduced to establish a workgroup to explore a program that would subsidize low income, very low income, and extremely low income tenants with long term rental assistance such that tenants would not pay more than 30 percent of their income.  The workgroups report is due out end of 2022. It will be interesting to see if anything materializes from this and the effect it would have in Richmond and other parts of Virginia. It must carry a hefty price tag, but is one of a couple measures trying to address affordability.
https://budget.lis.virginia.go...
Richmond, Virginia

Loading replies...