A plan to redevelop the Richmond Coliseum and the surrounding blocks calls for 680 new units of affordable housing. But some people say it won’t help the people who need it most.
Affordable housing in the coliseum project is tied local income levels. In this case, rents will be set to be affordable to people making 60 to 80 percent of the area median income.
“But that really doesn’t meet the deepest need we have in Richmond,” said Kathryn Howell, a professor at the Wilder School of Government at VCU. She says a project like this, on public land, is a great chance to help the neediest households. “What we’re really short on is units for that deeper affordability level.”
Grant Neely is with NH District Corporation, which would develop the site. Neely said, “This project is not going to solve all of Richmond’s affordable housing issues. But it is the largest step forward in affordable housing in Richmond history.”
Negotiations are still underway between the city and the developers.