Affordable housing performance grant: Oak Grove
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: Oak Grove Multifamily, LLC / Lynx Ventures & Maggie Walker Community Land Trust
Project Name: Oak Grove
Address: 2200 Ingram Ave., Richmond, VA 23224
Number of units required: 243
Required investment: $2,430,000
AMI requirements: 60% AMI average
Estimated annual grant: $62,316
Approval date: 10/10/23
Project status: Under construction
Documents: Ordinance
Deadline for construction start (18 months after approval): 4/10/25
Deadline for construction completion (3 yrs after start): 4/10/28
