Trust will be established at $60 million, supported with dedicated revenue stream
Henrico County will establish an affordable housing trust with $60 million in cash and a dedicated revenue stream from new economic development, transforming local efforts to make homeownership possible for more of the area’s workforce.
“Using our affordable housing trust, Henrico County will work with partners to buy buildable lots in communities throughout the county to create homes that will be affordable today, tomorrow and forever,” said Board of Supervisors Chairman Tyrone E. Nelson, of the Varina District. “This is another example of Henrico County’s strong leadership on a tough issue. It shows we’re committed to working with partners in the private and nonprofit sectors to fulfill our vision for One Henrico – a place that welcomes, values and supports everybody.”
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Access to fast, reliable internet in all corners of Henrico County is closer to reality, with a federal appropriation of $725,000.
U.S. Rep. Jennifer McClellan, of the 4th Congressional District, on Monday presented county officials with an oversized check for the amount to support a project that will extend broadband service to the outer edges of the Varina District. The $6.5 million project, which is under design and targeted for construction in 2025, will install 87 miles of fiber-optic cable to an estimated 412 addresses that are currently unserved.
Speaking outside the Varina Area Library, which has broadband access, McClellan said the issue is a matter of equity and inclusion.
“We know that the portions of America that are not connected are the most expensive to connect,” she said, “and that’s why, between the state’s VATI grants and the bipartisan infrastructure bill and this community project funding, the state and federal government are stepping in to help close that digital divide. And this will make a meaningful difference in the lives of Henrico County residents.
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Venue drew about 112,000 visitors in first 4 months
Traveling teams, families and other visitors will soon have more places to stay and eat when they head to the Henrico Sports & Events Center.
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