The CSPDC’s PDC Housing Development Grant, which awarded a total of $1.66 million in gap funding for seven affordable housing developments in the region, has made significant process in recent months. As of April 2024, 27 of the 58 planned affordable housing units have been completed and are either occupied or prepared for occupancy, with the remaining 31 under construction or in pre-development.
Notable program updates for this quarter include:
- Construction was completed for 8 of the 19 affordable units planned for the Suter Street Development, a collaborative project between Central Valley Habitat for Humanity and PDY, LLC in Harrisonburg. The 8 completed affordable units are part of a total 10 units that were built on Suter Street by PDY, LLC, with the remaining two units being sold at a ‘below market’ rate. The 11 units being built by Central Valley Habitat are all under construction and will be completed over the next year.
- The Pump Street Apartments project, which provides 6 units of permanent supportive housing to extremely low-income individuals experiencing substance use disorder or chronic homelessness, was completed in this quarter. The project is fully leased.
- Project financing was completed for the Fairfax Hall renovation in Waynesboro, and construction is set to begin in late-April 2024.
- The Greenhouse Village Project, which will bring 8 affordable homeownership units to Rockbridge County, is well-underway, with several units either complete or in final construction phases.
All units will be completed no later than June 30, 2025.
Pictured Above: Completed Pump Street Apartments project in Staunton. This development was an adaptive-reuse project, converting a former local glass company into 6 affordable units and an office for local non-profit, Valley Supportive Housing. The six new units add to the existing six units already in place on the top floor of the building.