Affordable housing performance grant: The Ashley

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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: Max Holdings, LLC
Project Name: The Ashley
Address: 711 Dawn St., Richmond, VA 23222
Number of units required: 47
Required investment: $470,000
AMI requirements: 60% AMI average
Estimated annual grant: $74,200
Approval date: 10/15/2024
Project status: Not started
Documents: Ordinance
Deadline for construction start (18 months after approval): 4/15/26
Deadline for construction completion (3 yrs after start): 7/15/29