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Gen Z’er takes advantage of once-low interest rates to purchase first home

In 2021, Raven Moseley needed a place to stay, but she could not afford an apartment that she felt comfortable in without splitting the bill with a roommate. Plus, she could not find a suitable roommate. That is when her mother gave her the idea to buy a home.

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Councilwoman hopes proposed changes to City Charter find support

Under proposed changes to the City Charter or constitution, City Council would gain new authority over housing subsidies and real estate tax relief to residents with low to moderate incomes, in addition to setting its own compensation and modi- fying zoning. Fifth District Councilwoman Stephanie A. Lynch hopes to gain unanimous support from her eight colleagues at the Monday, Dec. 11, council meeting for the changes she has negotiated with Mayor Levar M. Stoney’s administration. If passed by the council, the package would be sent to the General Assembly for approval in the upcoming 2024 session. Many of the changes follow recommenda- tions that a council-created Richmond City Charter Review Commission submitted Aug. 2 after a year of study. As the most significant package of charter changes proposed since the 2004 creation of a mayor elected citywide, the amend- ments do not address the current relationship between the council and the mayor ahead of the 2024 elections for the governing body and chief executive. The biggest proposed change could well be the tax and housing initiatives that the charter review commission did not address. The proposed Section 2.09 amendment would allow the city to defer property taxes and tax increases for qualifying low or moderate income property owners, using the definition of such individuals established by the Virginia Housing Development Authority, now known as Virginia Housing. Such a program could allow the taxes to accumulate over time to be paid off from proceeds after the property is sold. In addition, the proposed charter change would authorize the city to create a program that could help such qualifying individu- als buy a home or receive rental subsidies. The city also could use state or federal funds to advance such initiatives. The charter amendment also would declare the creation of programs that could provide funds directly to individuals for housing to be “in the furtherance of a public interest” to get

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SPCA’s 2024 Rock the Block Party

The Richmond SPCA’s signature Dog Jog, 5K and Block Party drew dog lovers from near and far on Saturday, March 23, at the nonprofit’s humane center on Hermitage Road.

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