The Summit at Hopewell Apartments
Using funding from the Low-Income Housing Tax Credit (LIHTC) program and the U.S. Department of Housing and Urban Development’s (HUD) new Rental Assistance Demonstration (RAD) program, the Hopewell Housing Redevelopment Authority (HRHA) and CHP have teamed up to redevelop The Summit at Hopewell in Hopewell, Virginia.
As the owner, developer, architect, and contractor of The Summit, CHP will use environmentally-responsible practices and products to upgrade the five-and-a-half-acre community to 56 energy-efficient, EARTHCRAFT-certified rental homes for area families. The mixed-income project will involve demolition of the existing out-of-date units and construction of 26 new two-bedroom apartments, 26 three-bedroom apartments, and four 4-bedroom apartments. The community will serve families and individuals earning at or below 50 percent of the Area Median Income (AMI), with 30 of the apartments receiving residents with HUD project-based rental assistance through the RAD program.