Real Estate Developments

Legacy Plaza

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Description

The subject property, known as Legacy Plaza, is a proposed affordable multifamily development to be located on Ruth Wise Road in Exmore, Northampton County, Virginia. The subject property is proposed to consist of 35 revenue-producing units to be built with an allocation of tax credits. The subject property is an open age community. March 14, 2023 The subject property is proposed to consist of 35 revenue-producing units including 1, 2 and 3-bedroom garden and duplex units. A total of 35 units are proposed to be income restricted to 60% of AMI; no units are proposed to be set aside as market rate units; no units are proposed to benefit from project-based rental assistance; no units are proposed to benefit from HOME financing. The rent and income restrictions associated with the proposed allocation of tax credits will run for the next 30 years.


Project Details

Type

Multi-Family

Status

In Progress

Address

0-12 Ruth Wise Road

City

Exmore

State

VA

Zipcode

23350

Construction

New Development

Start Date

12/1/23

Expected Completion Date

2/1/25

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Source(s):
VHDA
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Number of units for rent

0

Number of units for sale

0

Number of affordable housing units

LEED Designation

Project Cost

0

Parking Spaces

Zoning

Hotel Rooms

0

Retail Space

0

Office Space

0

Square Footage

0

Lowest Housing Sales Price

0

Highest Housing Sales Price

0

Lowest Rent Price

0

Highest Rent Price

0

Neighborhood:

Exmore

Housing Rental Price Range:

Housing Sales Price Range:

# of Residential Units in Progress:

35

Hotels Rooms in Progress:

0

Office Space in Progress:

0

Retail Space in Progress:

0

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          Sources:

          VHDA

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