Affordable housing performance grant: The Cove
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This item is part of a larger project on affordable housing grants in Richmond. See the full project here.
Recipient: 512 Hull Street, LLC / Property Results
Project Name: The Cove
Address: 512 Hull St., Richmond, VA 23224
Number of units required: 65
Required investment: $650,000
AMI requirements: 50 units at 80% AMI average; 15 units at 50% AMI average
Estimated annual grant: $92,722
Approval date: 7/22/2024
Project status: Completed
Documents: Ordinance; building website
Deadline for construction start (18 months after approval): Granted retroactively
Deadline for construction completion (3 yrs after start): Granted retroactively
