Oh man, I know it's a Saturday night y'all, but the answers to the #NavyHillRVA questions submitted last session are DOOZIES.
Will there be Project Labor Agreements guaranteeing rights and fair pay to workers as part of these deals?
No.
#NavyHillRVA
No.
#NavyHillRVA
What is the cost of the affordable housing units?
The 60% AMI units are the same as my (Kristin's) mortgage.
#NavyHillRVA
The 60% AMI units are the same as my (Kristin's) mortgage.
#NavyHillRVA
Is the private investment to be tax exempt?
No, but 91% of the bond issuance (the portion of the investment to be paid off with public money) IS tax exempt.
#NavyHillRVA
No, but 91% of the bond issuance (the portion of the investment to be paid off with public money) IS tax exempt.
#NavyHillRVA
Will the TIF close automatically when the debts are repaid, directing revenue back to the general fund?
No. The fund will continue to capture revenue.
#NavyHillRVA
No. The fund will continue to capture revenue.
#NavyHillRVA
Who will be most impacted by this project?
Residents of Jackson Ward, particularly in Gilpin Court.
#NavyHillRVA
Residents of Jackson Ward, particularly in Gilpin Court.
#NavyHillRVA
