Most LGBTQ+ people are either in or entering their prime homebuying years, and LGBTQ+ households have a cumulative spending power of nearly $1.4 trillion, on par with that of Latino, Black, and Asian households, according to a November 2023 report by the Urban Institute, a nonprofit research organization that provides data and evidence to help advance upward mobility and equity.
Amid increasing state-level anti-LGBTQ+ legislation, Richmond set a high standard for municipal equality, scoring 100 in the Human Rights Campaign’s 2023 Municipal Equality Index.
The commonwealth and its capital city have pushed for greater LGBTQ+ rights in recent years. However, advocates are concerned its new GOP governor could erode the progress made.