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Richmond, VA – The city of Richmond has been allocated $2.4 million in Neighborhood Stabilization Program funds from the Virginia Department of Housing and Community Development to address foreclosed and abandoned properties in the Highland Park, Barton Heights, and Church Hill neighborhoods.

The city is partnering with Bradley Development, LLC, Housing Opportunities Made Equal, LLC; Lifetime Homes; Richmond Metropolitan Habitat for Humanity; Richmond Redevelopment and Housing Authority; and, Southside Community Development and Housing Corporation to redevelop and facilitate the homeownership and rental opportunities of the acquired properties.

Currently, 20 vacant and foreclosed properties have been acquired under the Neighborhood Stabilization Program and are currently undergoing renovations. These properties will either be sold for home ownership or rented to persons whose total income is at or below the 120% Area Median Income (AMI). At least six home ownership opportunities will be created for persons who are at 50% or less of the AMI. Six rental units are proposed to be made available to low income persons who are at 80% or less of the AMI.

Marketing and sale of properties will be provided to income qualified households for home ownership at a discounted price consistent with program guidelines. Down payment and closing cost incentives will be available to qualified buyers seeking home ownership. The city’s non-profit partners will handle the sale and rental of all properties included in this program.

The following list is of the 20 foreclosed properties that are currently being renovated:

Church Hill Neighborhood

  • 2614 P Street
  • 1309 N. 23rd Street
  • 822, 824, 826 N. 27th Street

  • 1220 30th Street
  • 1435 N. 32nd Street
  • 1305 N. 37th Street

Highland Park Neighborhood

  • 3600 Delaware Avenue
  • 3315 Florida Avenue
  • 1030 Fourqurean Lane
  • 3020 Garland Avenue
  • 509 Gladstone Avenue
  • 1805 Rose Avenue
  • 1700 4th Avenue
  • 1201 Spruce Street

  • 1203 Willow Street

Barton Heights Neighborhood

  • 206 Home Street
  • 1802 Monteiro Avenue
  • 3023 Montrose Avenue

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