The 144 apartments are to be targeted to renters making below 80 percent of the area median income, with 36 of the units for renters making 50 percent AMI or below.
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The Agenda: Local government briefs for 4.22.24
Richmond holds a budget hearing and considers moving its DSS offices, Henrico and Goochland approve their spending plans, and a commercial project in Chester is up for a vote. (BizSense Pro required)
New residential infill projects abound on Cary St. stretch in the Fan
A wave of new development is in the works for one of the Fan’s main thoroughfares that’ll bring to the neighborhood dozens of new townhomes, duplexes, apartments and more.
City EDA approves $1.5M more for Diamond District ballpark design
The EDA board authorized an additional $1.5 million for design and development of the new ballpark, four months after providing an initial $1 million that staff said has been depleted.
The Agenda: Local government briefs for 4.15.24
Diamond District ordinances are up for review this week, Chesterfield adopts its next budget, a 600-acre data center project advances in Henrico and Ashland promotes assistant town managers.
Foreclosures: 4.15.24
The auction of a $331,200 home in Henrico’s Varina district is the top property scheduled. (BizSense Pro required)
Newly filed ordinances detail new game plan for Diamond District financing
The city would issue $170 million in bonds to finance the development’s initial phase, and establish a community development authority as a financing option for future phases.
‘We have got to get shovels in the ground’: Council plays ball on stadium bond plan
Administrators’ pitch to change the city’s approach to financing its massive Diamond District development appeared to land receptively with Richmond City Council on Monday, despite increased risk.
The Agenda: Local government briefs for 4.8.24
A 600-acre industrial project in Varina is back before the Henrico Planning Commission, and Goochland hires a former Louisa development director as a deputy administrator.
City pitching new financing plan for Diamond District amid state sales tax uncertainty
In a proposal that will be presented to City Council today, administrators are recommending that the city issue its own revenue bonds to fund the stadium and infrastructure for the development’s first phase.