>>Housing Authority Board Discusses Using Nonprofit Arm to Raise Funds to Redevelop Gilpin Court
(Richmond, VA) -- The Richmond Redevelopment and Housing Authority's Board of Commissioners will vote on transferring Gilpin Court to the Richmond Development Corporation, a nonprofit subsidiary of RRHA. Thomas Cage reports.Preview: Wrap Script:
(sound offtop)Preview: CEO Steven Nesmith tells CBS6 the move helps to secure funding and leverage resources for the development.Preview: While some neighbors support the move, Third District Richmond City Councilmember Kenya Gibson expresses concerns about potential rent increases and loss of protections for residents.Preview: RRHA plans to meet with tenants to discuss the plan.