Affordable housing performance grant: New Manchester Flats
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: New Manchester Flats VI Multifamily, LLC / Lynx Ventures
Project Name: New Manchester Flats
Address: 1021 East 4th St., Richmond, VA 23224
Number of units required: 127
Required investment: $1,270,000
AMI requirements: 60% AMI average
Estimated annual grant: $266,412
Approval date: 9/23/2024
Project status: Under construction
Documents: Ordinance
Deadline for construction start (18 months after approval): 3/23/26
Deadline for construction completion (3 yrs after start): 3/23/29
