As part of our strategic giving through the Race & Equity Initiative, Altria contributed $1.75 million to the Richmond-based Better Housing Coalition (BHC) in 2020 and will invest an additional $1.25 million to total $3 million over the next two years.
This investment, which is largest single contribution we've made to a Richmond-based non-profit since relocating our headquarters in 2003, is intended to address social and racial housing disparities within the Greater Richmond region over the next three years. It will assist BHC in underwriting the development and preservation of at least 1,000 units of quality, affordable and service-enriched housing for modest-income families in the Richmond region.
BHC transforms communities by working to reverse systemic inequities in housing that have prevailed in metro Richmond and across the United States for generations, driven by longstanding discriminatory housing practices that disenfranchised people of color. Investing in BHC reflects Altria's commitment to help address racial and economic inequities and build a more inclusive and equitable community.