Discovery Ridge, a community of two dozen townhomes at Gayton Road and Lauderdale Drive, touts its “prime location” near Short Pump and access to choice schools and parks. Each home is three stories, with three bedrooms, two full baths, two half-baths and a one-car garage. “The units are all the same throughout the project and just as upgraded,” with granite countertops and frosted-glass cabinets in the kitchens and a tile shower and ceramic tile flooring in the master bath, said Tim Parent, who is guiding the development as Richmond market president of Mungo Homes.
The homes, priced starting at $449,950, would typically be unaffordable for most first-time homebuyers. But Henrico County is removing some of those barriers under a program to increase access to affordable homeownership.
Continue reading Sales begin under Henrico program to promote affordable homeownership
30 units in Parkside Townes, Discovery Ridge to be available to eligible buyers
A pair of townhouse communities are expected to be the first residential developments to qualify for Henrico County’s Affordable Housing Trust Fund program. Twenty-five units in the Parkside Townes community and five in Discovery Ridge will soon be available to first-time homebuyers who meet household income and other program requirements.
Continue reading 1st communities set for Henrico Affordable Housing Trust Fund program
Henrico aims to boost access to homeownership with $60 million fund
Henrico County has set the framework for its Affordable Housing Trust Fund program as an initial set of residential developments are under review for participation.
After announcing its plans in May, the Board of Supervisors established the trust fund, effective July 1, with $60 million in previously unbudgeted revenues from data centers.
Continue reading Affordable housing program launches; several developments in review
Trust will be established at $60 million, supported with dedicated revenue stream
Henrico County will establish an affordable housing trust with $60 million in cash and a dedicated revenue stream from new economic development, transforming local efforts to make homeownership possible for more of the area’s workforce.
Continue reading Henrico to create trust to enhance access to affordable homeownership