Employee Homebuyer Assistance

At a glance

• What: Two measures by Ms. Robertson. Ordinance 2026-301 would amend City Code section 2-1526 to let certain owners of deed-restricted or limited-equity homes who buy their first unrestricted market-rate home qualify for the employee first-time homebuyer program, and rename it the employee homebuyer assistance program. Resolution 2026-R041 would support the General Assembly removing the statutory maximum for local employee homeownership grants and urge the administration to re-evaluate the program, including the maximum assistance.
• Where it stands: Introduced October 13, 2026 and referred to the Finance and Economic Development Standing Committee.
• Next: Committee meeting October 21, 2026 at 2:00 PM; ordinance hearing November 9, 2026.

Sources

• City Council action summary, October 13, 2026: https://richmondva.legistar.com/View.ashx?M=M&ID=1354768&GUID=E93DB910-0CF2-434C-BB5A-05A78CAEA725

Log

2026-10-13 - City Council

Both introduced and referred to the Finance and Economic Development Standing Committee (October 21).

2026-11-09 - City Council

On the draft agenda.