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To amend Res. No. 2022-R028, adopted May 23, 2022, to support an economically mixed project to be located on the property known as 711 Dawn Street pursuant to Va. Code ? 36-55.30:2, to reflect that the Council has determined that the area contains a non-housing portion of the building that is necessary and appropriate for the revitalization of the area for the industrial, commercial, or other development.
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BE IT RESOLVED BY THE COUNCIL OF THE CITY OF RICHMOND:
I. That Resolution No. 2022-R028, adopted May 23, 2022, be and is hereby amended as follows:
WHEREAS, pursuant to section 36-55.30:2 of the Virginia Housing Development Authority Act (the "Act"), as set forth in sections 36-55.24 through 36-55.52 of the Code of Virginia (1950), as amended, the Virginia Housing Development Authority may finance an economically mixed project that is not located within a revitalization area if the governing bodies of localities determine by resolution that (i) either (a) the ability to provide residential housing and supporting facilities that serve persons or families of lower or moderate income will be enhanced if a portion of the units therein are occupied or held available for occupancy by persons and families who are not of low and moderate income or (b) that the surrounding area of such project is, or is expected in the future to be, inhabited predominantly by lower income persons and families and will benefit from an economic mix of residents in such project and (ii) private enterprise and investment are not reasonably expected, without assistance, to produce the construction or rehabilitation of decent, safe and sanitary housing and supporting facilities that will meet the needs of low and moderate income persons and families in such area and will induce other persons and families to live within such area and thereby create a desirable economic mix of residents in such area; and
WHEREAS, pursuant to the Act, in any revitalization area, th...
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