Inauguration planned this summer to convert the old retirement home in the city into apartments | Richmond Free Press
The city’s long-vacant retirement home is on the way to becoming 86 apartments.
After two years of effort, Virginia Supportive Housing reports that it was finally able to raise the funding to move forward with the transformation of 1900 Cool Lane, according to Allison Bogdanovic, CEO of VSH.
Ms Bogdanovic told members of the Richmond City Council Land Use, Housing and Transportation Committee that VSH is planning to hold a grand opening this summer to kick off the conversion of the former Seven Hills Healthcare Center in Cool Lane apartments.
The development is to include 80 units for homeless and low-income people, with six units for people with disabilities needing a higher level of service, she said.
VSH also plans to work with community partners to provide services, including Faith Community Baptist Church, which sits across from Cool Lane from the vacant building.
The land is in Henrico County, and the Henrico County City Council and Supervisory Board authorized the building to be converted in 2019. Ms. Bogdanovic noted that it takes time to gather the resources in terms of credits. tax, grants and loans.
VSH is expected to invest around $ 25 million to renovate the building.