Stressing the importance of affordable housing, the non profit Community Preservation and Development Corporation is planning a 76 unit multifamily complex on land in the Six Points area of Highland Park in Richmond.
CPDC’s Real Estate Development officer is Lee Allford said, “It’s a four story new construction building with a mixture of one’s, two’s, and three bedroom apartments. It does have an income restriction. The reason for that is the rents are below market rate.”
The $18 million project would include community and flex space on the first floor. On the land right now are two empty homes and a 1920s unused church building. “The intent is to keep part of the façade, or the front face, of the church building which has some nice gothic architecture features,” said Allford.
The goal, Alford said, is to be able to begin construction in the middle of next year and be ready to open in 2020.