496 Catina Way
Newport News, VA 23608
Garden Apartments (20 buildings)
$12.5 million (acquisition)
Auburn Pointe is a 274-unit garden-style apartment community in Newport News, Virginia.
Enterprise Community Development (formerly Community Preservation and Development Corporation) purchased the property in April 2015 with an $11 million acquisition loan from the NeighborWorks America lender Community Housing Capital.
The property currently operates under the Low-Income Housing Tax Credit Program (LIHTC). Enterprise Community Development closed on the construction and permanent financing in 2017. The renovations included updated kitchens, bathrooms, roofing and other exterior work.
All 274 Units ≤ 60 percent AMI
Type / # Units / Density
1 BR / 65
2 BR / 177
3 BR / 32
Spacious Units with Walk-In Closets