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.
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