November 6, 2018

Breaking Ground in Jackson Ward!

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New construction is in progress to bring affordable housing to Richmond’s Jackson Ward community. The Jackson Ward development is the second of three phases to be developed by the Richmond Redevelopment and Housing Authority and CPDC. It will to contribute to the mayor’s goal of creating 1,500 new affordable units in Richmond in the next five years.

The development will feature units for low-income seniors that are fully accessible by Universal Design requirements and built to the highest level of EarthCraft certification, reducing utility costs and providing healthy indoor air. It will also include 82 apartments for individuals with a mix of incomes as well as 6,000 square feet of retail space.

VHDA provided funding through $16 million in combined tax exempt and taxable bond proceeds as well as federal Housing Credits for a total of $26 million in capital to fund the project. VHDA remains focused on working with our partners to increase the amount of affordable housing in Richmond, and we are proud to be a partner in celebrating and preserving the African-American history of the Jackson Ward Historic District.