Not only do tenants in residential homes suffer from housing crises, but also tenants in commercial properties are under pressure from rising rents, which is extremely detrimental to business development.
To protect Richmond's small business, in the context of the current housing crisis, subsidies are necessary. The city can temporarily allocate some money from the finances to subsidize the small business to pay rent for shop or office.
Unlike residential subsidies, subsidies for small business are based on the area or price of the lease, so a larger lease area will receive more subsidies.
At the same time, the city need take special measures to curb the speculation of commercial properties, block the speculative loopholes.