The $15.8 million rehab and conversion of the former elementary school into 50 apartments is the last of a trio of projects by the Richmond Redevelopment & Housing Authority and Enterprise Community Development to provide replacement housing for residents of the towers, which RRHA is looking to redevelop as mixed-income housing.

The event celebrated the completion of 50 new, modern apartment homes for seniors as well as the end of a three-phase redevelopment project to rehouse 200 elderly residents of the aging Fay Towers, built in 1976.

Baker Senior Apartments has 50 new, modern apartment homes for senior citizens. The apartments were part of a three-phase redevelopment project that re-housed 200 elderly residents from the Fay Towers, which were built in 1976.

If the Affordable Housing Credit Improvement Act introduced is enacted affordable housing developers would be able to impact rural, tribal and high-cost communities, as well as extremely low-income and formerly homeless residents.