Jackson Ward Development Groundbreaking Ceremony Recap
With much celebration and enthusiasm, CPDC and Enterprise leadership were joined by dignitaries, staff, and future residents to break ground on phase two of the $30 million Jackson Ward complex in Richmond, Virginia. CPDC has partnered with the city of Richmond to create these affordable homes and produce a space that many seniors and working families can proudly call home.
CPDC’s singular mission is to develop vibrant communities through innovation and partnership. As a preferred developer, we tackle tough deals many would find impossible – from adapting abandoned schools for reuse to preserving historical buildings that have become symbols of urban blight. The Jackson Ward development is one of these deals.
This could have not been possible without the unwavering efforts of our amazing team in Washington, D.C. and Richmond. We would like to extend a special recognition to Janei Lofti, CPCD’s AIC (Aging in Community) coordinator and Katrina Polk, senior director of AIC, who organized programs and services for Fay Towers, Jackson Ward and Highland Park Senior Apartments; and Matt Engle, senior development officer at CPDC, who spearheaded this project.
The Jackson Ward groundbreaking ceremony kicked off with CPDC’s Senior Vice President of Real Estate and Asset Management Christopher LoPiano, who gave a brief history of the Jackson Ward neighborhood.
President and CEO of Enterprise Community Investment and chairman of the board of CPDC, Charles Werhane, also spoke about the impact this new community will have for the residents of the Jackson Ward neighborhood.
When completed, Jackson Ward will provide 154 units of housing, including 72 units for low-income seniors. An adjacent mixed-income building — Jackson Ward Multifamily Homes — will feature 82 apartments, including 36 affordable units preserved for workforce housing.
“These projects cannot happen without partnerships. When you see the community and neighborhoods being transformed, it’s extremely powerful,” said Werhane.
The development came together through a public-private partnership. CPDC and Enterprise Community Partners worked with six government agencies—the city of Richmond, the Federal Home Loan Bank, the Richmond Redevelopment and Housing Authority, the state of Virginia Department of Housing and Community Development, the Virginia Housing Development Authority and the U.S. Department of Housing and Urban Development, as well as a private funder, SunTrust Bank. Additional assistance came from Low Income Housing Tax Credit and HUD’s Rental Assistance Demonstration program.
Amongst other speakers who gave powerful remarks were Orlando C. Artze, interim executive director of the Richmond Redevelopment and Housing Authority; The Honorable Kimberly Gray, Richmond City Council member; Steve Smith, senior vice president of Suntrust Community Capital, LLC.; Susan F. Dewey, executive director of the Virginia Housing Development Authority; and Matt Engel, senior development officer at CPDC.
The Honorable Levar Stoney, mayor of Richmond, delivered an inspiring speech to conclude the groundbreaking ceremony. “This project is a demonstration of our commitment. We can continue to move forward. We can make progress, rebuild and reinvest. I am forever grateful to all of those who have made this possible,” Stoney said.
This project is expected to be completed in the Fall of 2019.
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