Affordable housing performance grant: The Ashley

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