RICHMOND, Va. (WRIC) — A new affordable housing development opened its doors with a ribbon cutting ceremony in Richmond’s southside on Thursday.
The 10-acre project called “Foundry Creek” is one of the newest efforts to tackle the area’s affordable housing crisis. Spy Rock Real Estate Group and Crescent Development partnered on this effort, receiving $92 million in financing from Bank of America.
“Foundry Creek reflects the simple belief that families and seniors shouldn’t have to choose between affordability and quality,” said Zac Frederick, Founder & CEO of Crescent Development. “And every resident deserves a safe and beautiful home to access opportunities that help people thrive.”…