AFFORDABLE HOUSING TRUST FUND SUPERVISORY BOARD

Richmond, Va., City Code ch. 16, art. III, div. 2

in effect

Richmond, Va., City Code § 16-80 Created.

Sec. 16-80. - Created. There is hereby created a board of the City of Richmond with indefinite duration to be known as the Affordable Housing Trust Fund Supervisory Board, for the purpose of overseeing the administration of the Affordable Housing Trust Fund established by Section 16-51 and the programs for which the fund provides. For purposes of Section 2-924, the Board shall be classified as "supervisory." (Code 2004, § 58-111; Code 2015, § 16-80; Code 2020, § 16-80; Ord. No. 2014-167-160, § 1, 10-13-2014; Ord. No. 2021-285, § 1, 11-8-2021)

Richmond, Va., City Code § 16-81 Composition; appointment; terms of office.

Sec. 16-81. - Composition; appointment; terms of office. (a) Composition. The Board shall consist of 12 members, each of whom shall either reside in the City of Richmond or have a principal place of employment within the City of Richmond. One member shall be selected from each of the following categories: (1) A representative from Richmonders Involved to Strengthen our Communities. (2) A representative of a service provider assisting low-income individuals or families. (3) A person licensed by the Virginia Real Estate Board as a real estate salesperson or a real estate broker. (4) A representative from an organization dedicated to promoting affordable housing. (5) A lender from a financial institution with affordable housing financing experience. (6) A builder or developer with experience constructing affordable housing projects. (7) A person with professional experience with, or knowledge of, public housing. (8) An attorney specializing in housing matters. (9) A housing counselor. (10) A member of the City Council, who shall be a non-voting member of the Board. (11) A representative of a charitable institution. (12) A representative of a business, the principal office of which is located within the city, focusing on the construction of residential structures. (b) Appointment. Of the 12 members, the City Council shall appoint seven members, including the members designated in Subsections (a)(1) through (4), (9), (10), and (11) of this section, and the Mayor, by a writing submitted to the City Clerk, shall appoint five members, including the members designated in Subsections (a)(5) through (8), and (12) of this section. All appointments shall otherwise be governed by sections 2-918 and 2-919. (c) Terms of office. Each member shall be appointed for a term of three years. The member of the City Council shall be appointed by resolution of the City Council in the same manner as appointments to standing committees of the City Council and shall be made for a term that shall expire as provided in such resolution. Any member may be appointed to a third term after one year from the date of the last day of such member's second full term. (Code 2004, § 58-112; Code 2015, § 16-81; Code 2020, § 16-81; Ord. No. 2014-167-160, § 1, 10-13-2014; Ord. No. 2021-285, § 1, 11-8-2021)

Richmond, Va., City Code § 16-82 Prohibition on award of grants or loans where Board members are involved.

Sec. 16-82. - Prohibition on award of grants or loans where Board members are involved. No grants or loans from the Affordable Housing Trust Fund shall be awarded to persons serving on the Board or to other legal entities of which such person is a member or in which such a person has a personal interest as the State and Local Government Conflict of Interests Act defines that term. (Code 2004, § 58-113; Code 2015, § 16-82; Code 2020, § 16-82; Ord. No. 2014-167-160, § 1, 10-13-2014; Ord. No. 2021-285, § 1, 11-8-2021)

Richmond, Va., City Code § 16-83 Duties.

Sec. 16-83. - Duties. The Board shall perform the following duties: (1) Review proposed amendments to the regulations, operational policies and procedures provided for in Section 16-114, and submit to the City Council and the Mayor a report containing the Board's advice and recommendations concerning the appropriateness of the amendments to such regulations, operational policies and procedures with respect to the following: a. The ways in which the City may ensure the sustainability and proper use of the fund over time and any conditions under which the Council should establish an Oversight Board or Board of Trustees to oversee the fund. b. Potential dedicated revenue sources for the fund. c. The ratio of grants to loans to be disbursed from the fund. d. In accordance with the advice of the City Attorney or the designee thereof, the ways in which the City may lawfully encourage recipients of disbursements from the fund to employ individuals of low and moderate income households in the projects for which funds are expended in accordance with the purposes of the fund. e. In accordance with the advice of the City Attorney or the designee thereof, the ways in which the City may lawfully encourage minority business enterprises, as defined in Chapter 21, to participate in the City's efforts to accomplish the purposes set forth in Section 16-51. f. Any other factors or considerations, as the Board may identify, affecting the City's ability to achieve the purposes of the fund. (2) Review and approve annual program allocations within the Affordable Housing Trust Fund as proposed by departments of the City and receive recommendations of staff and any appropriate committee created pursuant to Section 16-84(c) for projects to be funded by the Affordable Housing Trust Fund. (Code 2004, § 58-114; Code 2015, § 16-83; Code 2020, § 16-83; Ord. No. 2014-167-160, § 1, 10-13-2014; Ord. No. 2021-285, § 1, 11-8-2021)

Richmond, Va., City Code § 16-84 Conduct of affairs.

Sec. 16-84. - Conduct of affairs. (a) Quorum. Fifty-one percent of the voting members of the Board who have been appointed shall constitute a quorum. (b) Officers. The member of the City Council appointed to the Board shall serve as Chairperson of the Board and shall ensure that the City Council is regularly informed about Board activities, that the Board meets regularly in accordance with this division and that the duties of the Board are performed. The Board may select from among its membership such other officers as the Board deems necessary to discharge its duties, including, but not limited to, a vice-chairperson and secretary. (c) Committees. The Board may establish, and dissolve, committees to the Board as the Board, consisting of only Board members, deems necessary to assist with its duties. Any committees created pursuant to this subsection shall only make recommendations to the Board subject to the Board's consideration and approval and shall meet at least once annually and as often as may be necessary to perform their duties as assigned by the Board. (d) Meetings. The Board shall meet at least quarterly and as often as it deems necessary in order to perform the duties provided for in this division. (e) Reporting. On an annual basis, the Board shall deliver to the City Council and the Mayor a brief summary of the Board's activities for the preceding year. (f) Freedom of information. Board meetings and records shall be subject to the provisions of the Virginia Freedom of Information Act (Code of Virginia, § 2.2-3700 et seq.). (g) Procedures. The Board may adopt bylaws or rules of procedure not inconsistent with this division to govern the conduct of its meetings and operations. (h) Staff and resources. The Department of Housing and Community Development shall provide such staff and resources as may be necessary to assist the Board in the duties imposed by this division. (Code 2004, § 58-115; Code 2015, § 16-84; Code 2020, § 16-84; Ord. No. 2014-167-160, § 1, 10-13-2014; Ord. No. 2018-078, § 1, 5-14-2018; Ord. No. 2021-285, § 1, 11-8-2021)

Source: City of Richmond, Virginia, Code (2026 recodification) and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/va/richmond/codes/code_of_ordinances?nodeId=PTIICICO_CH16HO_ARTIIIAFHOTRFU_DIV2AFHOTRFUSUBOFetched: 11/8/2026