June 28, 2018
Based in Richmond, Virginia, the Real Estate Development team at Community Housing Partners (CHP) has a reputation for creating healthy, sustainable rental communities across six states. Now, team members are doing it again in their own backyard.
CHP is making fast progress on the Apartments at Kingsridge, a 72-unit, new multifamily complex in Henrico County just east of the City of Richmond. Scheduled for completion this fall, the Apartments at Kingsridge features three, three-story apartment buildings with two- and three-bedroom units, plus a clubhouse with a fitness center and nearby playground. The demand for such an apartment community in the greater Richmond area has been high.
“We already have a wait list for most of the units at the Apartments at Kingsridge but are still seeking additional applications for the handicap accessible units,” said Ginny Fink, Director for Marketing for CHP Property Management. The community includes 24 apartments that meet Universal Design standards and eight units that meet Section 504 of the Rehabilitation Act with fully accessible roll-in showers.
The Apartments at Kingsridge will also be the first development to utilize project-based vouchers awarded by the Richmond Redevelopment and Housing Authority (RRHA) in 2016. The primary focus is to relocate residents from Creighton Court, a 504-unit public housing community in the City of Richmond slated for redevelopment. Located in Richmond’s East End, Creighton Court is only a few miles from the Apartments at Kingsridge. CHP will be accepting 18 project-based vouchers from families at the complex.
“RHRA manages about 4,000 apartments in the City of Richmond, many of which are concentrated in the city’s East End. In the coming years, we will be redeveloping our entire portfolio, including Creighton Court,” said Orlando Artze, Interim CEO of RRHA. “While we are redeveloping these apartments, we want to give our residents various housing options, so we have entered into agreements with a dozen communities under development to accept project-based vouchers and give priority in leasing to our residents.”
Artze added that he was “very excited” that the Apartments at Kingsridge was nearing completion because it will provide opportunities for area residents.
“Part of our commitment is to offer residents housing opportunities outside of Creighton Court before any redevelopment occurs,” he said, explaining that the 65-year-old Creighton Court will eventually be redeveloped into Church Hill North, a 1,000-unit, mixed-income community with market-rate housing, affordable housing using Low-Income Housing Tax Credits, and former public housing. RRHA has partnered with The Community Builders and hired three family transition coaches to help residents navigate the resources and options available to them.
Residents at the Apartments at Kingsridge will also benefit from living in a sustainable community thanks to CHP’s use of innovative construction techniques at the property. In addition to pursuing EarthCraft certification, CHP is pioneering an HVAC system in the buildings that will filter the air at near-hospital levels. Using ducted mini-split Energy Recovery Ventilators (ERVs), the new system will replace traditional heat pumps and improve air quality for residents at a low cost. (Read more about CHP’s innovative construction techniques at Kingsridge.)
While Kingsridge is CHP’s first real estate development in Henrico County, it won’t be the nonprofit’s last. Construction on Phase II of the Apartments at Kingsridge, which will include 71 units across three buildings adjacent to Phase I, is expected to begin in 2019.
For questions about renting at Kingsridge, please contact email@example.com or 804-781-4685.