The Partnership for Housing Affordability: The Realtors’ Nonprofit
The Partnership for Housing Affordability (PHA) was founded in 2004 and was established as a nonprofit 501(c)(3) organization in 2006 to create awareness about affordable housing issues and to help to provide solutions with the support of concerned citizens and community and business leaders.
The Partnership envisions a coordinated, regional approach to affordable housing that is supported by the citizens and elected leadership of the jurisdictions that make up the Richmond metropolitan area. With the commitment of needed resources and the adoption of necessary policies by local leaders, Richmond residents can live in vibrant and sustainable communities, characterized by a breadth of diversity among the residents, a variety of affordable housing choices, the integration of needed services, efficient use of the public infrastructure, and strategic preservation of natural resources.
PHA is currently implementing a new Framework—The Richmond Regional Housing Framework is an innovative approach for addressing our housing needs. Guided by a vision where everyone has a stable, healthy, and affordable place to call home—and bolstered by extensive research and community engagement—the Framework provides an action-oriented roadmap for solving, together, our region’s wide range of housing needs.
Over the next few years, the Framework will be used by the Partnership for Housing Affordability, housing providers, localities, and other stakeholders to steadily address our unique and shared housing challenges by implementing many of the solutions identified in the report as well as others that will emerge in the future.
RAR’s LION loan
The 2019 interest income earned from RAR’s LION loan (Local Impact Opportunity Note) at Virginia Community Capital was donated to The Community Foundation, allocating $70,000 to nine K-12 educational nonprofits.