Affordable housing performance grant: Afton Avenue Apartments
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: Afton Avenue Apartments, LLC / Genesis Properties
Project Name: Afton Avenue Apartments
Address: 2400 Afton Ave and 2420 Afton Ave., Richmond, VA 23224
Number of units required: 150
Required investment: $1,500,000
AMI requirements: 60% AMI average
Estimated annual grant: $401,910
Approval date: 11/13/2023
Project status: Under construction
Documents: Ordinance
Deadline for construction start (18 months after approval): 5/13/25
Deadline for construction completion (3 yrs after start): 5/13/28
