Affordable housing performance grant: Bellevue Gardens / Surber Development
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: Bellevue Gardens VA, LLC
Project Name: Bellevue Gardens / Surber Development
Address: 1711 Bellevue Ave. and 3940 Rear Rosewood (Rosedale?) Ave., Richmond, VA 23227
Number of units required: 78
Required investment: $780,000
AMI requirements: 60% AMI average
Estimated annual grant: $142,644
Approval date: 9/23/2024
Project status: Under construction
Documents: Ordinance
Deadline for construction start (18 months after approval): 3/23/26
Deadline for construction completion (3 yrs after start): 3/23/29
