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# Affordable housing performance grant: Swansboro Place
- URL: https://www.richmonder.org/affordable-housing-performance-grant-project-name-here-14/
- Published: 2025-07-22T21:40:51.000Z
- Updated: 2025-07-22T23:42:16.000Z
- Author: Richmonder Staff
- Tags: #hide

🏘️

This item is part of a larger project on affordable housing grants in Richmond. [****See the full project here.**](https://www.richmonder.org/it-might-be-richmonds-biggest-push-to-create-affordable-housing-but-many-residents-dont-even-know-it-exists/)

**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](https://richmondva.legistar.com/LegislationDetail.aspx?ID=6741257&GUID=AE89ABEF-163A-4B78-BA64-6304CE5C1B70&Options=ID%7CText%7C&Search=2008+Hull+Street); [amended 2025 ordinance](https://richmondva.legistar.com/LegislationDetail.aspx?ID=7134404&GUID=25A902C6-7E1E-463C-A4A4-7CDFA0604B5F&Options=ID%7CText%7C&Search=2008+Hull+Street)

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

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