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  • WTVR CBS 6

    Henrico launching $60M housing trust fund with revenue from data centers

    By Richmond BizSense,

    30 days ago
    https://img.particlenews.com/image.php?url=3aZl6F_0t6GSNdS00

    RICHMOND, Va. -- Less than a month after receiving a directive from county supervisors for “something transformational” to address housing affordability, Henrico officials have come up with a plan that leans heavily on a growing source of revenue: data center dollars.

    Henrico is contributing $60 million in cash to establish its first housing trust fund, which will be fueled by economic development revenue generated specifically from data centers.

    Officials announced the plan in a news conference Thursday, three weeks after supervisors directed staff to do something more than the county already has to address the growing housing affordability gap across the region.

    Continue reading this story on Richmond BizSense.

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