The Richmond Redevelopment and Housing Authority hopes to issue up to $94 million in housing revenue bonds for three new developments that will add nearly 600 multifamily rental units.
City Council held a special meeting Monday to formally introduce three resolutions to approve the effort. According to council staff, the legislation will be posted online no later than Nov. 12.
Before the bonds can be issued and sold to developers, the proposal needs additional greenlighting from RRHA and City Council…