Henrico supervisors approve additional $34.7 million for capital projects and housing grants
The Henrico Board of Supervisors Feb. 24 unanimously approved $34.4 million in added funding for this fiscal year’s budget (the majority of which will be used to fund capital projects) and $300,000 in housing rehabilitation grants.
More than $25 million of additional funding for the Fiscal Year 2025-2026 budget would go towards the county’s capital projects, with about $20 million of that figure allocated to public works projects funded mainly by the state.
Other county funding would include $3 million for highway maintenance, $3.6 million for winter storm recovery efforts, and $2 million for the Henrico Tomorrow office renovation program.
The board also voted to amend the county’s five-year and annual development plans to include more federal and state funding for housing rehabilitation. About $267,000 more in federal grants for the HOME Investment Partnerships Program would go towards rehabilitating housing for senior residents and residents with disabilities in the county. And about $33,000 in state Community Development Block Grants would go towards loans to Henrico small businesses.
“Essentially, it allows us to fund one of our nonprofit organizations to provide enhanced rehabilitation supports to seniors and people with disabilities who own homes in the community,” said Eric Leabough, Henrico’s director of Community Revitalization. “It also helps us recapitalize our Bridging Virginia small business revolving loan fund.”
These additional funds would bring this fiscal year’s budget allocated for HOME to around $1.2 million and the budget for CDBG to $1.7 million.
The board also approved around $11.2 million in funding for several public works and public utilities projects:
• $464,000 in additional funding for improvements to the Strawberry Hill Pumping Station due to tariffs on imported equipment and additional repairs needed;
• $2 million for the Colonial Court Area Water Rehabilitation project, which includes the installation of new water mains, water meters, and service lines;
• $8.7 million for the Liesfeld Farm Drive Extension project, which includes the installation of more roadway, sidewalk, and shared-use paths.
Liana Hardy is the Citizen’s government and education reporter. Support her work and articles like this one by making a contribution to the Citizen.
