(Richmond, Va.) – Enterprise Community Development today celebrated the official groundbreaking of Brookland Park Apartments located in the 1200 block of Brookland Park Blvd in the Highland Park neighborhood of Richmond. The new development will feature 66 new, affordable apartments for individuals and families built to U.S. Department of Energy Zero Energy Ready Homes and Enterprise Green Communities standards.
Key participants at the Brookland Park apartments groundbreaking included:
• Councilwoman Ellen F. Robertson, 6th District, Richmond City Council
• Sherrill Hampton, Director, Department of Housing & Community Development, City of Richmond
• Sandra Powell, Senior Deputy Director of the Virginia Department of Housing and Community Development (DHCD)
• Stephanie Flanders, Director of Tax Credit Programs, Virginia Housing
• Alicia Garcia, Vice President of Real Estate and Community Development, Richmond Redevelopment and Housing Authority
• Mark Johnson, Senior Vice President & Community Development Manager Truist Ban
• Rob Fossi, Senior Vice President of Real Estate Development, Enterprise Community Development
They joined representatives from Enterprise Community Development and Enterprise Community Partners to announce the project groundbreaking.
"We saw an opportunity to make a real impact in the immediate neighborhood, and with the groundbreaking of Brookland Park Apartments, we're investing in the future of North Richmond," said Rob Fossi, Senior Vice President of Real Estate, Enterprise Community Development. "We're excited to bring this 'green community' to the neighborhood and see its positive impact on the residents who will soon call it home."
Brookland Park Apartments is located in the Highland Park neighborhood of Richmond, immediately west of Six Points, an area that has seen major public investment over the last decade and a community of opportunity offering access to public transportation, ample options for shopping, youth programs and public amenities.
“The City is happy to collaborate with Enterprise Community Development, Inc. on projects like this as they increase the supply of affordable housing in Richmond and provide quality, inclusive housing options throughout the City,” said Sherrill Hampton, Director of the Department of Housing & Community Development, City of Richmond.
When complete, the four-story Brookland Park Apartments will feature one-, two- and three-bedroom apartments serving families from 40% to 60% AMI. Units will have washer and dryer hookups, electric split HVAC systems, LVT flooring, and EnergyStar energy efficient appliances and lighting. Seven units will be designed to Universal Design Standards, including two for vision- and hearing-impaired residents. Community amenities will include a fitness center, community room, community retail flex space, an outdoor plaza and on-site parking. In addition to working towards an Enterprise Green Communities certification, Enterprise Community Development seeks to make the apartments DOE Zero Energy Ready Home-certified, signifying a high-performance home that will be so energy efficient that a renewable energy system could offset most or all the home's annual energy use. Each DOE Zero Energy Ready Home will meet rigorous efficiency and performance criteria found in the DOE Zero Energy Ready Home National Program Requirements.
Support for the project comes from Richmond City Council Vice President Ellen F. Robertson (District 6) and City of Richmond Housing & Community Development. The total development cost for the project is $21MM. Financing for the project comes from 4% Low-Income Housing Tax Credits, a tax-exempt loan issued by Harrisonburg Redevelopment and Housing Authority, a construction loan from Truist Bank, Virginia Housing Trust Funds and Virginia HOME funds, City of Richmond Affordable Housing Trust Fund, and a grant from Bank of America.
Torti Gallas + Partners is the project architect and UrbanCore Construction is the general contractor. Once complete, Enterprise Residential will provide property management and residential services.
Contact: Amy Burke Friedman, PROFILES
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Enterprise Community Development is the top nonprofit owner and developer of affordable homes in the Mid-Atlantic and is an affiliate of Enterprise Community Partners. We specialize in high-impact residential development, preservation, property management and resident services for more than 23,000 people who call our communities home. Our $1.2 billion portfolio includes 110 communities and 13,000 homes, positioning us as one of the top five nonprofit owners of affordable housing in the United States. Our mission is to uplift residents and communities and more than 20 percent of our revenues are reinvested in programs and services to advance our residents’ social, educational, financial and physical well-being. For more information, visit www.enterprisecommunitydevelopment.org.