Glenwood Ridge is Fully Occupied

Humanities Foundation’s latest development, Glenwood Ridge Apartments is now complete and home to individuals and families with income between 30% and 80% of the Area Median income. The beautiful, new $21,000,000 development is located in the Church Hill area of Richmond, Virginia, a historic district that is a vibrant and fast-growing part of the city. The 82 unit Earthcraft energy-efficient apartment community consists of two buildings located on Glenwood Avenue. There are 12 one-bedroom units, 46 two-bedroom units, and 12 three–bedroom units over covered parking. There’s also a historic trolley barn onsite with historical markers commemorating its significance. Onsite amenities include a playground, computer/business center, community room, central laundry, and a fitness room. Humanities Foundation coordinates Marketplace food delivery to the residents twice a month and is planning additional resident services to meet the needs of the families that have chosen Glenwood Ridge as their home.

 

PROJECT TEAM:

Joint-Venture Partner: James Doran Company
General Contractor:  KBS, Inc.
Architect:  Martin Riley Associates – Architects, PC
Engineer:  Timmons Group
Attorney:  Williams Mullin
Property Manager:  JDC Management, LLC
Funding Partners:
Tax Credit Syndicator:  CAHEC
LIHTC issued by Virginia Housing (VHDA)
Lender:   Merchants Capital
Virginia Department of Housing and Community Development (DHCD)
Federal Home Loan Bank of Atlanta sponsored by Truist Bank
Virginia Community Capital
PBV Housing Assistance provided by Richmond Redevelopment and Housing Authority

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