R
ICHMOND, Va.—The city council has unanimously approved RVA Stay, a tax relief program aimed at helping those most in need. Mayor Stoney praised the team behind the initiative, saying they had created innovative financial solutions to address Richmond's ongoing housing crisis.

    The program will freeze real estate taxes for seniors and permanently disabled residents, provide $200 per month for six months to those spending over 30% of their income on housing costs, and offer a one-time four-cent rebate to homeowners. However, some council members felt the plan didn't go far enough.

    Reva Trammell advocated for a permanent four-cent tax cut, arguing that RVA Stay would only provide temporary relief. Several colleagues shared her concerns, citing the struggles of homeowners in the city. Council member Ellen Robertson noted that 3,000 residents are six months delinquent on their real estate taxes, risking foreclosure.

    CAO Lincoln Saunders countered that the targeted approach of RVA Stay would help more residents and keep the city financially responsible. Despite debate, a permanent tax cut measure failed in a 5-4 vote.