Affordable housing performance grant: Walmsley Gardens Senior
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: Walmsley Gardens, LLC / Crescent Development & Spy Rock Real Estate
Project Name: Walmsley Gardens Senior
Address: 4824, 4838, 4850, 4870, 4890 Walmsley Blvd., Richmond, VA 23224
Number of units required: 128
Required investment: $1,280,000
AMI requirements: 60% AMI average
Estimated annual grant: $331,246
Approval date: 6/24/2024
Project status: Under construction
Documents: Ordinance
Deadline for construction start (18 mo of approval): 12/24/25
Deadline for construction completion (3 yrs after start): 12/24/29
