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# Affordable housing performance grant: Walmsley Gardens
- URL: https://www.richmonder.org/affordable-housing-performance-grant-project-name-here-8/
- Published: 2025-07-22T21:44:51.000Z
- Updated: 2025-07-22T23:41:05.000Z
- Author: Richmonder Staff
- Tags: #hide

🏘️

This item is part of a larger project on affordable housing grants in Richmond. [****See the full project here.**](https://www.richmonder.org/it-might-be-richmonds-biggest-push-to-create-affordable-housing-but-many-residents-dont-even-know-it-exists/)

**Recipient:** Walmsley Gardens, LLC / Crescent Development & Spy Rock Real Estate

**Project Name:** Walmsley Gardens

**Address:** 4824, 4830, 4838, 4850, 4870, 4890 Walmsley Blvd., Richmond, VA 23224

**Number of units required:** 216

**Required investment:** $2,760,000

**AMI requirements:** 60% AMI average

**Estimated annual grant:** $702,661

**Approval date:** 10/10/2023; amended 6/24/2024

**Project status:** Under construction

**Documents:** [2023 ordinance](https://richmondva.legistar.com/LegislationDetail.aspx?From=RSS&ID=6362787&GUID=BE032E42-B3CD-431E-B1C6-E32ADCF7592A); [2024 ordinance](https://richmondva.legistar.com/LegislationDetail.aspx?ID=6721681&GUID=D46B5AB1-AE84-4E6B-96D9-B657E9971C62&Options=ID%7CText%7C&Search=walmsley+gardens)

**Deadline for construction start (18 months after approval):** 12/24/25

**Deadline for construction completion (3 yrs after start):** 12/24/28