As property values climb and tax bills become harder to afford, Richmond officials want state lawmakers to authorize a new way to help longtime homeowners stay put.
In setting its priorities for the 2027 General Assembly session, the city has made LOOP — short for Longterm Owner Occupancy Program — its leading request, WTVR reported.
Here’s what to know
Officials told Richmond’s Virginia General Assembly delegation that LOOP sits at the top of the city’s agenda.
If approved, the program would allow Richmond to provide relief to eligible homeowners squeezed by rising property values…