October 5, 2017

Recent Groundbreakings

Old Forest Village, Lynchburg 

Photo courtesy of Andrew Wilds Photography.
This development will provide affordable, accessible housing for people living with disabilities. VHDA provided Housing Credits.

Pictured left to right: Corbin Anderson (Virginia Community Capital); Art Bowen (Managing Director of Rental Housing at VHDA); Neal Sumerlin (Chair, Rush Homes Board of Directors); Treney Tweedy (Vice Mayor of Lynchburg); Willie Fobbs (DHCD); Delegate Scott Garrett, M.D.; Sandra Stanaitis (Rush Homes tenant, seated).

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Community Lodgings, Alexandria 

This apartment building and learning center constructed in 1940 is getting a much-needed renovation. When complete, it will have seven units, including two reserved for homeless families. Community Lodgings also provides youth education, budget mentoring, employment counseling, family therapy and more. Since 1987, their mission has been to lift families out of homelessness and instability and provide a path to independence and self-sufficiency. VHDA provided a $700,000 loan, the City of Alexandria is granting $300,000 toward the project, and BB&T will be the construction lender.

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Representatives from VHDA, City of Alexandria, Richmond American Homes, Brookfield Residential, HomeAid Northern Virginia, MITRE Corporation and Community Lodgings were among those celebrating the groundbreaking.

Gilliam Place, Arlington 

The vision for Gilliam Place began when Arlington Presbyterian Church decided to put their faith into action and their property into mission service, by dedicating their site for affordable housing. When complete, this will be an attractive and economically viable housing option for low- and moderate-income families. VHDA has committed more than $8.9 million in VHDA tax-exempt bond financing to Arlington Partnership for Affordable Housing (APAH) for Gilliam Place East & West, plus another $4.3 million in taxable bond financing and $8.7 million in REACH loan funds. (REACH, also called REACH Virginia, is VHDA's internally generated resource that provides vital funding for affordable housing. Each year, VHDA contributes a substantial portion of its net revenues into this program.)

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On hand for the groundbreaking were representatives from Arlington Presbyterian Church, VHDA, Enterprise Community Partners, APAH, Arlington County, Capital One and the National Capital Presbytery.

Cypress Landing, Chesapeake 

Cypress Landing will provide quality, affordable housing for 50 disabled, low-income and homeless veterans. VHDA provided a $2.6 million loan as well as Housing Credits.

Congratulations to Second Act Communities and all of our partners, including the Department of Housing and Community Development (Virginia Housing Trust Fund), Federal Home Loan Bank of Atlanta, City of Chesapeake, Home Depot Foundation, Hampton Roads Community Foundation and Chesapeake Redevelopment and Housing Authority.

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