(RECAP: As its first Richmond development wraps up in Northside, a Washington, D.C.-based developer is moving forward with plans for its next residential project – the second of its trio of projects with the Richmond Redevelopment and Housing Authority.
Community Preservation and Development Corp., which this week started moving residents into its Highland Park Senior Apartments, a rehab of the old Highland Park Public School, will go before the city planning commission in January to request a revision to its plans for a mixed-use, mixed-income development in Jackson Ward.
The $32 million project is already approved for 182 apartments, 72 of which would be designated for replacement housing for residents of RRHA’s Frederick A. Fay Towers. While that number for replacement housing would not change, CPDC is seeking to increase the number of apartments to 194. The remaining 122 apartments would be a mix of affordable housing and market-rate rents. CPDC plans to finish the Highland Park apartments by the end of January. Funding for that project, totaling $11.4 million and involving low-income housing tax credits and state and federal historic credits, came from several sources.)
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