Ideas

Levar Stoney
Mayor | Richmond, VA

ARP: Richmond VA, Using ARP Funds to Reinvigorate Public Housing

Idea Category: Equity & Opportunity, Housing | Funding Source: American Rescue Plan

Problem

Before COVID-19, America’s housing system was far from perfect. The pandemic put a magnifying glass on issues that have been present for years, if not decades: high rents, unattainable housing prices, and insufficient affordable housing stock. As the NewDEAL Forum noted in January 2021, “these problems were especially acute for people of color. Black households are twice as likely to rent as white households, and housing costs account for a heavier cost burden:  Among Black Americans, 55% pay more than 30% of their income toward housing compared to 40% of white Americans.”

Solutions

As part of Richmond’s Equity Agenda, Mayor Stoney will invest over $12 million in ARP funds to renovate and improve two of the city’s public housing complexes. One project will replace 504 existing old units, with up to 700 new apartments and homes for over 500 families. The funds for the other project will allow for the first phase of redevelopment and will ultimately result in 122 new for-sale homes.

More Idea’s From Levar Stoney

Richmond Pathways Program

Idea Category: Education | Funding Source: ARP

Mayor Levar Stoney: Mayor’s Alliance to End Childhood Hunger

Idea Category: Equity & Opportunity, Safety Net | Funding Source: ARP

Mayor Levar Stoney: A New Era for Richmond

Idea Category: Equity & Opportunity, Housing, Infrastructure | Funding Source: ARP

ARP: Richmond VA, Investing in Equity Agenda to help Children and Families Thrive

Idea Category: Child Care, Equity & Opportunity, Housing | Funding Source: ARP

ARP: Richmond Invests in Health Care Equity

Idea Category: Equity & Opportunity, Healthcare | Funding Source: ARP