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Affordable housing performance grant: Swansboro Place

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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.

Recipient: Swansboro Place, LLC

Project Name: Swansboro Place

Address: 2008 Hull St. and 2021 Decatur St., Richmond, VA 23224

Number of units required: 90

Required investment: $900,000

AMI requirements: 60% AMI average

Estimated annual grant: $197,423

Approval date: 7/22/2024; amended 3/24/2025 to add Decatur St. location

Project status: Under construction

Documents: 2024 ordinance; amended 2025 ordinance

Deadline for construction start (18 months after approval): 9/24/26

Deadline for construction completion (3 yrs after start): 9/24/29

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