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Affordable housing performance grant: Lynhaven Ridge

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

Recipient: Lynhaven Ridge VA, LLC

Project Name: Lynhaven Ridge

Address: 2510 Lynhaven Ave., Richmond, VA 23234

Number of units required: 50

Required investment: $500,000

AMI requirements: 60% AMI average

Estimated annual grant: $126,659

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

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