RICHMOND, Va. (WRIC) — For several years, Richmond’s dedicated affordable housing fund did not receive the money it was meant to because no plan was ever put into place to ensure this happened, among other issues, according to city auditors.
On Friday, Feb. 6, Richmond’s Office of the City Auditor (OCA) released a report regarding the city’s compliance with a law on the books that was meant to provide a funding source for the Affordable Housing Trust Fund (AHTF).
The AHTF was designed to aid Richmond through its ongoing housing crisis by providing “consistent, predictable funding for affordable housing initiatives across the city,” as officials said on Jan. 12…