The civic record

Read. Follow. Verify.

RICHMONDlocal legislationAdopted

Approval of $17 Million Bond for Commerce Heights Housing Project

Original title: To approve the issuance by the Richmond Redevelopment and Housing Authority of its multifamily housing revenue bonds in an amount up to $17,000,000 for the acquisition, construction and equipping of the approximately 230-unit Commerce Heights multifamily residential rental housing project at 1410 Ingram Avenue in the city of Richmond.

Record date · April 27, 2026

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The Richmond City Council has approved a allowing the Richmond Redevelopment and Housing Authority to issue up to $17 million in revenue bonds. These funds will be used to acquire, build, and equip the Commerce Heights residential project, which will include approximately 230 rental units at 1410 Ingram Avenue.

Why it matters

This authorizes the financing mechanism for a 230-unit housing development in Richmond, impacting the city's rental housing supply and the financial obligations of the local housing authority.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Richmond Redevelopment and Housing Authority

The authority is granted the legal power to issue up to $17 million in revenue bonds for the specified project.

Directly affected

Future residents of Commerce Heights

These individuals will have access to approximately 230 new rental housing units upon completion of the project.

Key Facts

The City Council approved the issuance of up to $17,000,000 in multifamily housing revenue bonds.
The bonds are to be issued by the Richmond Redevelopment and Housing Authority.
The funds are designated for the acquisition, construction, and equipping of the Commerce Heights project.
The Commerce Heights project is planned to contain approximately 230 multifamily rental units.

Show all 7 facts

The project is located at 1410 Ingram Avenue in Richmond.
The resolution is identified as RES. 2026-R015.
The resolution was introduced and adopted on March 4, 2026.

Frequently Asked Questions

What is the purpose of the $17 million bond?

The bond proceeds will be used to acquire, construct, and equip the Commerce Heights multifamily rental housing project.

How many housing units will be built?

The project is expected to include approximately 230 rental units.

Where will the new housing be located?

The project is located at 1410 Ingram Avenue in the city of Richmond.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Follow the record

Votes, people, money & the original source

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Housing Development Financing

The city is utilizing revenue bonds to facilitate the construction of a 230-unit rental project, indicating a focus on expanding multifamily housing capacity.

Richmond Redevelopment and Housing Authority Commerce Heights

Connected Entities

Commerce Heights, 1410 Ingram Avenue, Richmond Redevelopment and Housing Authority and 1 more

locationCommerce Heights“The name of the multifamily residential rental housing project.”Map →

location1410 Ingram Avenue“The physical address of the housing project.”Map →

OrganizationRichmond Redevelopment and Housing Authority“The agency authorized to issue the revenue bonds.”Map →

OrganizationCity Council“The governing body that adopted the resolution.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

Publisher tools