Affordable housing performance grant: McDonough Street
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here (link).
Recipient: 2201 McDonough LLC & 322 W 22nd Street LLC / Elmington Construction
Project Name: McDonough Street
Address: 2300 Semmes Ave., 2201 McDonough St., 2301 McDonough St., 215 West 22nd St., 217 West 22nd St., 219 West 22nd St., 221 West 22nd St., 301 West 22nd St., 307 West 22nd St., 315 West 22nd St., 322 West 22nd St., 302 West 22nd St., 2100 Perry St., 222 West 21st St.
Number of units required: 150
Required investment: $2,660,000
AMI requirements: 60% AMI average
Estimated annual grant: $646,360
Approval date: 9/23/2024
Project status: Not started
Documents: Ordinance
Deadline for construction start (18 months after approval): 3/23/26
Deadline for construction completion (3 yrs after start): 3/23/29
