As vacant property tax vote nears, residents debate effectiveness

Richmond residents will vote in November on a vacant property tax that could raise $5 million in revenue for homeless services and code enforcement. While almost everyone agrees that homelessness and blight are major issues facing the city, there’s a debate over whether taxing property owners is the most effective way to address the problem.

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Zombie foreclosures: Richmond’s hidden housing crisis

Richmond has seen an increase in “zombie” foreclosures, meaning that the bank, upon foreclosing on the homeowner, never took ownership of the home. The practice allows banks to avoid liability. It also increases blight, and makes it difficult for the city to manage abandoned properties, which often turn into blighted eyesores.

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