Affordable housing performance grant: NOON Hioaks
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: 7000 Carnation, LLC / Lynx Ventures
Project Name: NOON Hioaks
Address: 7000 Carnation St., Richmond, VA
Number of units required: 217
Required investment: $2,170,000
AMI requirements: 60% AMI average
Estimated annual grant: $293,832
Approval date: 1/9/2023
Project status: Completed
Documents: Ordinance; development site
Deadline for construction start (18 months after approval): 7/9/24
Deadline for construction completion (3 yrs after start): 7/9/27
