Affordable housing performance grant: Saint Elizabeth Apartments
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: Commonwealth Catholic Charities Housing Corporation
Project Name: Saint Elizabeth Apartments
Address: 1031 Fourqurean Ln., Richmond, VA 23222
Number of units required: 56
Required investment: $560,000
AMI requirements: 28 units at 51-80% AMI; 28 units at 0-50% AMI
Estimated annual grant: $138,852
Approval date: 9/23/2024; modified 3/24/2025
Project status: Under construction
Documents: 2024 ordinance; 2025 amended ordinance
Deadline for construction start (18 months after approval): 9/24/26
Deadline for construction completion (3 yrs after start): 9/24/29
