realestate

Richmond Mayoral Candidates' Plans for Gentrification Mitigation

The Citizens' Debate was co-hosted by Richmond First, VMHC's John Marshall Center, Richmond Times-Dispatch, and WTVR CBS 6 at the Virginia Museum of History and Culture.

T
he Citizens' Debate in Richmond featured all five mayoral candidates discussing key issues. The debate was co-sponsored by Richmond First, the Virginia Museum of History and Culture, the Richmond Times-Dispatch, and WTVR CBS 6. Moderator Greg McQuade and panelists asked 11 questions to the candidates.

    One question focused on real estate taxes, which have increased significantly over the past five years without a corresponding reduction in tax rates. This has led to frustrated homeowners, higher costs for renters, and some long-time residents being priced out of gentrifying neighborhoods. The candidates were asked if they would pledge to reduce the real estate tax rate as mayor.

    Michelle Mosby stated that reducing the tax rate without examining the budget would be premature. She committed to reviewing the tax structure but emphasized the need to balance services with affordability. Andreas Addison argued that the current system punishes homeowners for staying in their homes, leading to racial disparities in Black homeownership. He proposed transitioning the burden of balancing the budget from homeowners to new growth and focusing on the Richmond 300 Master Plan.

    Danny Avula highlighted housing affordability as a major crisis and pledged to work with the council to reduce property taxes equitably. Maurice Neblett supported reducing the real estate tax rate, citing his experience in forecasting revenue and creating micro-communities using prefab homes to generate additional income. Harrison Roday advocated for targeted relief for renters and homeowners struggling with assessments, rather than a citywide tax cut that would disproportionately benefit high-value homeowners.

    The candidates' responses reflected their varying approaches to addressing the real estate tax issue and its impact on Richmond's residents.

Richmond mayoral candidates discuss gentrification mitigation plans in city hall meeting.