Virginia
Two years after council push for local investment, Hampton Roads Ventures has yet to deliver • Virginia Mercury
More than two years after Norfolk’s city council directed a for-profit subsidiary of its redevelopment and housing authority to prioritize local investments, the company has yet to deliver.
In July 2022, the council passed a resolution requiring Hampton Roads Ventures (HRV) — a community development entity created by the Norfolk Redevelopment and Housing Authority (NRHA) — to make its “best efforts” to invest in the city following a Virginia Mercury investigation revealing it had allocated only a fraction of its $360 million in tax credits to Norfolk’s distressed areas.
The resolution required HRV to submit an annual report detailing its activities. The 2024 report shows $53 million in New Markets Tax Credit (NMTC) allocations across six states — with none directed to Virginia. The investments included projects as diverse as a food bank expansion in Tallahassee, a shopping center with a grocery store in the Bronx, N.Y., and a salmon processing barge in Washington (see info box).
Three years after repeated requests for interviews with HRV and NRHA officials, Alphonso Albert, chair of HRV’s board of managers and NRHA’s board of commissioners, sat down with The Mercury to defend HRV’s failure to invest locally.
In an email ahead of the interview — copied to Norfolk’s mayor and several city council members — Albert accused the Mercury reporter of intending harm, being vindictive and “more about making mischief” than reporting the facts.
During a 45-minute conversation, Albert portrayed HRV as “a successful business” with a competitive strategy for securing New Markets Tax Credits. However, he also acknowledged limited outreach in Norfolk, where the company hasn’t funded a project since 2008.
Albert said the “primary driver” for HRV’s focus outside Norfolk is maintaining its track record to win future tax credit allocations. Changing its business model to prioritize Norfolk, he argued, could jeopardize the company’s ability to secure funding in a highly competitive process.
“We want to be successful in obtaining and utilizing new market tax credits,” Albert said. “That’s the end game, and not to make efforts that don’t meet the objective, the successful model that HRV operates on.” He added that HRV’s success relies on “tax-ready projects” in its pipeline that align with competitive application requirements.
However, the city council’s resolution from two years ago directed the firm to “proactively seek Norfolk projects and not rely solely upon the Norfolk Economic Development Department.” It also required marketing efforts to raise awareness about the NMTC program.
Other community development entities, though, have demonstrated that strategies can evolve without jeopardizing funding. For example, Indy CDE in Indianapolis has secured $177 million in tax credits since 2010 for a wide range of local projects, including a YMCA, high school modernization, and a recycling facility. It focuses on eliminating food deserts, increasing access to education, and revitalizing blighted areas.
Albert said the company’s small staff size prevents it from actively developing projects in Norfolk unless they are brought to the firm. HRV’s website lists just three employees — a CEO, a portfolio manager, and an executive assistant — and Albert suggested that adding two or three more positions might be necessary if the company were to expand its focus locally.
HRV’s 2023 audit revealed that salaries and benefits totaled nearly $490,000, up from $463,000 the previous year. Albert said he was unaware of CEO Jennifer Donohue’s salary and would not support releasing that information.
When asked how HRV identifies projects in places like Tallahassee, Tampa, and rural North Carolina, Albert said, “Consultants bring them to us. Consultants will see a deal and see if we’re interested in participating at one level or another, the same way we would do right here if somebody would bring us a deal.” According to the 2023 audit, HRV spent $230,000 on consultants that year.
Albert added that Donohue is also approached directly with proposals. “She’s going to look at a project that somebody says, here’s one here, but she doesn’t go out and solicit projects,” he said.
According to a December report from the U.S. Department of Treasury, HRV currently has $52 million in unallocated tax credits. Some of these funds may already be tied to pending deals. Treasury rules require half of HRV’s allocations be invested in rural areas. With the next application deadline approaching in late January — $10 billion available, double the usual amount — there is an opportunity to advance a Norfolk project.
Asked what efforts HRV made to secure a Norfolk project in the past year, Albert said the company met with local lenders, including TowneBank, Truist, and Chase. However, when pressed about whether HRV had issued a request for proposals to solicit local projects, Albert said that it did not. “I will float that,” he added. “That’s not a bad idea.”
Sean Washington, who oversees both Norfolk’s Department of Development and the city’s Economic Development Authority, said that he hasn’t heard from HRV since discussions about a failed proposal to fund a Norfolk shopping center project in 2023. When asked why HRV hadn’t maintained contact with Washington, Albert replied, “A lot of people don’t have confidence in Sean. But Sean’s a nice guy.”
Norfolk pushes for local investment
The 2022 city council resolution aimed at pushing HRV to invest in Norfolk projects and increase oversight followed a Virginia Mercury investigation revealing that the company had invested only a fraction of the $360 million in tax credit allocations it had received since 2003 in Norfolk. Some council members expressed surprise, admitting they were unaware of the NRHA subsidiary’s existence and questioned why it was not prioritizing Norfolk.
HRV operates as a community development entity, which includes offshoots of banks, nonprofits, public agencies, and financial institutions. These entities apply for the tax credits from the Treasury Department and, if awarded, attract investors who earn a 39% tax break over seven years.
The tax credits aim to spur investment in distressed areas with the Treasury reporting that every New Markets Tax Credits dollar generates $8 in private investment. Norfolk has 16 severely distressed census tracts given the highest priority for tax credit allocations. In these tracts, poverty rates range from 31% to 80%, and unemployment rates reach as high as 40%.
HRV’s last local investment came in 2008, supporting the Fort Norfolk Plaza health center near Brambleton Avenue. Last year, HRV had pledged to back The Village, a proposed shopping center with the Urban League of Hampton Roads that aimed to eliminate a food desert. That project collapsed after the city failed to secure a state grant to help fund the development. The property later was sold to Fishing Point Healthcare, a company founded by the Nansemond Indian nation.
HRV transferred $655,000 of its recent profits to NRHA to fund workforce development, youth services, crime prevention, and transportation support for food access and cultural events. The company also donated $144,538 to 27 local organizations, including Zion Word Days Church, My 2K Foundation, Second Calvary Baptist Church, the Virginia Arts Festival, the Beacon Light Civic League, the Urban League of Hampton Roads, and the Portsmouth Bruins Football Association, according to a list provided by Albert.
HRV’s 2023 audit, also shared with the city, reported net income of nearly $2 million. Since 2021, following increased scrutiny, HRV has transferred more than $3.6 million to the NRHA — surpassing the $1.3 million it had transferred over the previous 18 years.
Mayor and council num on recent report
Norfolk Mayor Kenneth Alexander did not respond to requests for comment for this story, but in May 2022 he urged HRV to prioritize projects in the city. “The point is to spur economic development in areas that but for the new markets tax credits there would not be any investment. That’s the reason they exist,” he said at the time. “I’m not suggesting that they shouldn’t do business in other markets, rural markets. But this is the city of Norfolk. We need to spur economic growth.”
A spokesperson for NRHA said Executive Director Nathan Simms would not grant an interview. According to the 2003 city council resolution that authorized HRV’s creation, the entity is managed by NRHA commissioners.
Four of the nine NRHA commissioners, including Albert, are on the Board of Managers of HRV. Albert said the HRV board met quarterly. While they don’t jointly discuss the annual applications for tax credits tied to projects, he said Donohue shared them for comments. He also noted that HRV works with a nationwide advisory board to consult on investments.
“I’m not the operational CEO. I’m talking principally who we are and I think defending our record and this organization,” Albert said.
Norfolk City Manager Pat Roberts also declined to comment through a spokesperson. Council member John “JP” Paige was the only elected official to respond. Paige, who represents some of Norfolk’s most vulnerable census tracts, said he hopes that HRV can identify a local project to support.
“I was very excited about the grocery store that was coming, but the state didn’t come through,” Paige said, referring to The Village proposal.
Other Virginia housing authorities have formed development entities like HRV that match projects with investors drawn to the tax breaks offered through the New Markets Tax Credits (NMTC) program. But they focus on projects in the cities or regions, often plowing the administrative fees back into their communities and holding public meetings. Hampton Roads Ventures does not hold public meetings and has declined to make its records subject to the Freedom of Information Act.
In cities like St. Louis, Pittsburgh and Cleveland, development entities have used the tax credits to stimulate major local investments, generating jobs and revitalizing their neighborhoods. .
St. Louis has leveraged $543 million in NMTCs to fund 103 developments and businesses, creating 6,800 jobs. Pittsburgh has utilized $238 million for projects such as affordable housing, transit hubs, and mixed-use development. Cleveland’s development team has financed urban schools athletic centers, job creation hubs and mixed-use spaces to drive growth.
Albert defended the HRV’s broader focus, saying it brings indirect benefits to Norfolk.
“We may be the only one that doesn’t support programs in our urban setting or in the area that we operate in, but we do bring very positive benefits to the city that we operate in,” he said. “I guess it’s a game of priorities.”
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Virginia
Vandals smash windows of nearly 3 dozen cars in Arlington Mill
Residents of an Arlington community are banding together to help each other in the wake of a string of vandalism. The neighborhood of Arlington Mill in southwest Arlington has been targeted for the last week, and nearly three dozen cars have had their windows smashed out, county police said.
Residents say they’re frustrated, frightened and aggravated that no one has been caught.
Evidence of the damage is everywhere in the neighborhood, with glass all over the road and in the grass. So many cars have been damaged that workers from a local auto glass repair shop came through the neighborhood and stuck their business cards under windshield wipers.
“It’s just frustrating,” Jose Santos said.
He parks his car in a lot where multiple cars have had their windows smashed out.
“They put up signs inside all the buildings, right now, trying to tell people, ‘Hey, leave your belongings at home,’” Santos said.
Police say the first calls came in last week, reporting multiple windows smashed in Arlington Mill, up and down the intersection of 7th Road S. and S. Florida Street.
Then even more cars were damaged late Sunday into Monday.
One witness saw three males and guessed they were between 18 and 24 years old.
Arlington County police say they’ve increased patrols in the neighborhood.
“We’ve had three incidents in the Arlington Mill neighborhood over about the last week, in which suspects broke the windows to about 35 vehicles parked in the neighborhood,” Ashley Savage of the Arlington County Police Department said.
Police say it doesn’t appear anything valuable has been stolen from the cars, but the peace of mind that’s been taken from Arlington Mill is invaluable, and nearly three dozen people have car windows to replace.
Virginia
Virginia Cannabis: Will Retail Finally Start In 2027?
Gov. Abigail Spanberger speaks at a press conference announcing there is a deal to authorize cannabis sales and put the legislation in the upcoming budget, Tuesday, June 16, 2026, in Richmond, Va. (Mike Kropf/Richmond Times-Dispatch via Getty Images)
Richmond Times-Dispatch via Getty Images
For the last five years, Virginia cannabis has existed in a strange policy gap.
Adults could legally possess it. They could grow it at home. They could gift it. They could consume it. But if they wanted to walk into a licensed adult-use dispensary and buy a tested, labeled product from a regulated business, Virginia still had no legal retail market.
That contradiction has defined the Commonwealth’s cannabis story since 2021, when Virginia became the first state in the South to legalize adult-use possession. The original promise was bigger than decriminalization. It was supposed to be the beginning of a regulated commercial market—one that would move consumers away from the illicit market, create room for small businesses and farmers, and finally give the state an enforceable framework for products already being sold and consumed.
Instead, Virginia legalized the front end of adult use without opening the front door of the industry.
Since then, the state has been caught in political limbo. Retail implementation stalled after the 2021 elections. Republican control of the House slowed the process. Former Gov. Glenn Youngkin later vetoed adult-use retail bills. Operators, investors and would-be applicants watched session after session with the same question: when would Virginia finally stop treating cannabis like something adults could legally have, but not legally buy?
The answer appeared close in 2026. With Gov. Abigail Spanberger in office and Democrats controlling the General Assembly, cannabis advocates expected the retail framework to finally move. Lawmakers sent the governor a bill that would have launched adult-use sales in 2027. Spanberger returned it with amendments, including a later sales date, a lower possession limit than lawmakers proposed, a higher future tax rate and tougher enforcement provisions. The legislature rejected those changes.
Then came the veto.
For many in the industry, Spanberger’s May veto landed as political whiplash. After years of delay, the state had once again stopped short of launching a legal adult-use marketplace. Worse, the veto came from a governor many advocates and operators expected to be more receptive than her predecessor.
For Brett Puffenbarger, CEO of Old Dominion Cannabis, the moment carried personal weight. Puffenbarger has spent nearly a decade in the cannabis industry and saw Virginia’s 2021 legalization as a chance to bring that experience back home.
“I have been in cannabis for almost a decade, and when Virginia first legalized adult use, it looked like an opportunity to build on that career in my home state,” Puffenbarger said via email. “I had been in Florida for years, but I was born and raised in Virginia. We moved back five years ago because we believed the Commonwealth would eventually open a regulated market. Now Old Dominion Cannabis is preparing to compete for cultivation and manufacturing licenses.”
That kind of long-range planning is common in cannabis. It is also risky. Markets can take years to open. Rules can change overnight. A state can legalize possession and still leave businesses waiting for a real path to licensure.
Virginia became a case study in that uncertainty.
The veto seemed to push the market another year down the road. But within weeks, the same framework came back in a different vehicle: the state budget. Spanberger, Sen. Lashrecse Aird and Del. Paul Krizek announced a compromise that would create a regulated adult-use retail market through budget language, with sales beginning July 1, 2027.
That turnabout changed the mood almost immediately.
“When the veto came down, we thought, ‘Here we go again—another year gone,’” said Jody Roun, COO of Old Dominion Cannabis, via email. “To see the conversation turn around this quickly through the budget process was surprising and exciting. For operators who have been planning around a moving target, it finally feels like there is a path.”
The compromise is not the same bill lawmakers originally passed. It reflects concessions to the governor, especially on timing, taxes, possession limits and enforcement. But it also preserves several priorities from legislators and advocates, including a larger retail cap, statewide access and a framework designed to give small businesses, farmers and microbusinesses a chance to participate.
Here are 10 key pieces of the framework Virginia is now poised to put into law:
1. Adult-use retail sales would begin July 1, 2027. The Virginia Cannabis Control Authority would begin accepting license applications on February 1, 2027, giving regulators time to write rules, establish testing standards and build the oversight structure before stores open.
2. Adults 21 and older would have a legal retail channel. Virginia already legalized adult possession and limited home cultivation, but this framework would finally allow consumers to purchase regulated cannabis from licensed retailers.
3. The adult possession limit would increase from one ounce to two ounces. That is less than the 2.5-ounce limit lawmakers originally sought, but higher than the current possession limit.
4. The state would allow up to 350 retail cannabis establishment licenses. Regulators would not be required to issue them all at once, but the cap is designed to create enough access to compete with the illicit market.
5. Localities would not be able to opt out of the market. That matters because local bans in other states have often left consumers with limited legal access and preserved demand for unregulated sellers.
6. Delivery services are expected to be allowed as part of the regulated market. Combined with the retail cap and no local opt-outs, delivery could become an important tool for statewide access, especially in rural areas.
7. The tax structure would start relatively low. Adult-use cannabis would carry a 6% state excise tax at launch, increasing to 8% beginning July 1, 2029. Local governments could add another 1% to 3.5%, in addition to existing retail sales taxes.
8. The Cannabis Control Authority would gain expanded oversight over intoxicating hemp products. The compromise is designed to close Virginia’s 25:1 hemp loophole and move intoxicating hemp regulation away from the Department of Agriculture and Consumer Services and under the cannabis regulator.
9. The framework includes stronger child-safety and advertising rules. It would require child-resistant packaging, ban cartoon advertising and prohibit products shaped like animals, fruits, vehicles or humans.
10. The state would add stronger compliance and enforcement tools. Retailers could face escalating penalties for failing to check IDs, including possible license revocation for repeated underage sales. Stores would also have to be at least 1,000 feet from schools, hospitals, playgrounds and drug treatment facilities, while the CCA could maintain a public licensee registry, create a tip line and audit ownership and financial relationships.
“The cannabis license application cycle goes through peaks and valleys,” said Justin Singer, a partner at Feuerstein Kulick LLP and chair of the firm’s Regulatory Compliance and Licensing practice via phone interview. “We have been in an extended valley for sought-after licenses for some time, and as a result we have seen a tremendous amount of interest in this upcoming application process.”
Put together, the framework signals that Virginia is trying to do more than open stores. It is trying to correct the imbalance created in 2021: legal adults, legal possession, legal home cultivation—but no legal commercial channel for most consumers.
The challenge now is execution.
Cannabis regulators across the country have learned that legal markets do not automatically beat illicit ones. Taxes that are too high, licensing that is too slow, limited access, lack of capital and burdensome rules can all keep consumers in the unregulated market. Virginia’s relatively modest starting excise tax may help. So could the 350-store cap, if the state issues licenses in a way that creates real geographic coverage.
But questions remain. How quickly will cultivation and manufacturing licenses be processed? How much room will there be for independent operators? Will microbusinesses and impact applicants have meaningful access to banking and capital? Will existing medical operators have a first-mover advantage? And can the state build a market that is regulated enough to protect consumers without being so expensive and slow that it recreates the same illicit-market incentives legalization was supposed to solve?
For companies like Old Dominion Cannabis, the answer will determine whether Virginia becomes a real opportunity or simply another tightly controlled market dominated by the best-capitalized players.
Still, after five years of waiting, the significance of this moment is hard to ignore. Virginia is no longer debating whether adults should be allowed to possess cannabis. That question was answered in 2021. The question now is whether the Commonwealth can build a functioning legal industry around that decision.
The budget compromise does not end the work. It starts it.
For operators, the next several months will be about applications, compliance, capital and partnerships. For regulators, it will be about writing rules that can survive contact with the market. For consumers, it could mean finally having a legal way to purchase tested cannabis products in the first Southern state to legalize adult use.
Virginia took the symbolic step five years ago. Now it may finally be taking the commercial one.
Virginia
Virginia man uses art to heal after years in prison, mental health battle
RICHMOND, Va. — Jerrod Buford first picked up a paintbrush as a kid, never imagining that same creative outlet would carry him through his darkest days in prison.
Buford, who grew up in Williamsburg, was convicted and arrested as a young man and spent almost a decade behind bars. During that time, he struggled deeply.
“Turning to drugs and alcohol to kind of shadow over emotions,” Buford said. “Looking for acceptance, approval. Not just from my parents, but from friends, from, you name it. I mean, I tried to commit suicide, I don’t even know how many times,” Buford said.
WTVR
It was inside prison walls that art became more than a hobby.
“Throughout my prison time, I learned, the freedom that I desired, I’ve always had it. I got, I found it, in a box,” Buford said.
More than three years after his release, Buford continues to advocate for art as a tool for healing. He describes his work as a gift he feels called to share.
“I received a blessing from God that just allowed me to display what he’s given me,” Buford said.
For Buford, creating art is also a way of processing his past.
“That’s what art has done for me. It’s given me the ability to look at parts of my life, all parts of my life, and find the good and the negative, learn from the negative,” Buford said.
He shares his story and artwork with a wide audience through social media, including live sessions on TikTok, and holds art classes with new communities.
The Story Cafe
Buford said his mission is to help others find their own path toward healing — whatever form that takes.
“What I strive to do is guide this person to just create, man. Don’t care what people think about your creation, you just need to get it out,” Buford said. “Whether it’s with art, addressing your mental health, getting your life right — just do it.”
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