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To amend City Code ? 2-1213, concerning the employee first-time homebuyer's assistance program, for the purpose of expanding the program to include employees of the School Board of the City of Richmond as authorized by Code of Virginia, ?15.2-958.2(A).
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THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That Section 2-1213 of the Code of the City of Richmond (2020) be and is hereby amended and reordainded as follows:
Sec. 2-1213. Employee First-Time Homebuyer's Assistance program.
Subject to the appropriation of funds by the City Council, the Chief Administrative Officer may establish a program to provide financial incentives in the form of down payment assistance and closing costs assistance to City employees and employees of the School Board of the City of Richmond who are first-time homebuyers to purchase their primary residence within the corporate City limits. Neither individual grants nor lifetime cumulative grants shall exceed the maximum amounts per employee specified in Code of Virginia, ? 15.2-958.2. The program shall be administered in accordance with the Code of Virginia, ? 15.2-958.2. The Chief Administrative Officer is hereby authorized to promulgate such regulations, in conformance with applicable law, as necessary to ensure the integrity of the employee first-time homebuyer's assistance program.
? 2. This ordinance shall be in force and effect upon adoption.
DATE: February 13, 2026
TO: The Honorable Members of City Council THROUGH: The Honorable Dr. Danny Avula, Mayor THROUGH: Odie Donald II, Chief Administrative Officer
THROUGH: Tanikia Jackson, Deputy Chief Administrative Officer, Finance & Administration
THROUGH: Letitia Shelton, Director of Finance
THROUGH: Meghan K. Brown, Director, Budget & Strategic Planning
THROUGH: Trinija D. Martin, Director, Human Resources
FROM: Paulette Giambalvo, Division Chief, Benefits and Wellness
RE: Employee First-Time Homebuyers Assistance Program Expansion to Employees of the Richmond School Board
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