‘Lower-income’ apartments at Rocketts Landing?

An artist's rendering of a proposed apartment building at Rocketts Landing.

A new mixed-use apartment building could begin to take shape soon at Rocketts Landing, but it may not come without some controversy.

The county’s Board of Supervisors Jan. 22 will consider approval of a resolution that would allow the community’s developer, WVS, to obtain construction funding for the 156-unit building through the sale of Virginia Housing Development Authority bonds.

Those bonds are designed in part to enhance the availability of lower-income housing in areas where such units do not current exist and where they likely would not otherwise be built by private developers.

The proposed five-story building would offer studio, one- and two-bedroom apartments for rent at prices ranging from $788 a month to $1,339 a month, as well as 11,000 square feet of commercial space, according to Henrico Community Revitalization Director Mark Strickler.

The building, expected to cost $18 million, would become the first at Rocketts Landing to feature rental units. The board’s approval next month of a resolution designating the site of the structure, at Route 5 and Stancraft Way, as a revitalization area would clear the way for the use of VHDA bonds.

But during a Dec. 11 work session, County Manager Virgil Hazelett told the board that although he supported the resolution, he did have some hesitation about it. That’s because the document must indicate that “private enterprise and investment are not reasonably expected, without assistance, to produce the construction or rehabilitation of decent, safe and sanitary housing and supporting facilities that will meet the needs of low and moderate income persons and families in the [a]rea.” It also must assert that sufficient housing needed to support other development in the area does not currently exist.

Both could be challenging claims, Hazelett conceded, given that Rocketts Landing already is home to hundreds of people and a number of commercial and retail businesses and that the anticipated apartment rental costs may be too high to qualify as “low-income” housing.

The latter point could be particularly murky because of the way the VHDA defines income levels. Its guidelines for the bonds require that at least 20 percent of the units be rented to households that make less than 80 percent of the region’s annual median income (AMI) – in this case, less than $60,500. Another 20 percent of the units must be designated for households that make between 90 and 120 percent of the AMI (less than $90,750). But the guidelines do not consider how many members a household includes, Strickler said.

So, although the bonds are designed to help provide housing to low-income households, “that may not always be true” in this case, Hazelett said. The implication: a single person making less than $60,500 per year, for example, would qualify as “low-income,” as would a married couple making a total of $85,000 annually.

On the other end of the spectrum, board members wondered aloud how the implication of “low-income” housing at Rocketts Landing might be received by residents who already live in the community – many of whom paid a premium for luxurious condos and most of whom likely know nothing of the developer’s proposal.

That’s a concern that weighed heavy on the mind of Varina District Supervisor Tyrone Nelson initially, though he said that upon consideration, he believes it can be allayed.

“If it’s explained properly, I don’t see a big public outcry from the people who are already there,” Nelson said. “I feel comfortable enough that I can support [the proposal]. I want to see the project move forward.”

Passage of such a resolution would set a precedent for the board, which has never before approved one similar, Strickler said. That likely would encourage other developers seeking to build similar projects to ask the board for additional resolutions in the future, Hazelett said.

The Board of Supervisors approved a provisional use permit for the site of the proposed apartment building July 24, authorizing “an increase in building height limitations for residential townhomes, office and commercial buildings, and an increase in density for multifamily dwellings and residential townhomes,” according to a planning report.

As part of that case, WVS presented a master plan for a larger portion of land at Rocketts Landing, which in addition to the apartment building also would include a 150-unit condominium building along the river; a 15,000-square-foot commercial building adjacent to the condos; and three nearby commercial buildings, totaling 105,000 square feet of space.

Incoming County Manager John Vithoulkas, who will take over for Hazelett next month, said that the impact of Rocketts Landing has been significant.

“It’s been a very good project for Henrico County,” Vithoulkas said.

Said Nelson of the proposal: “It will continue, I think, to move forward a project that is both beneficial to Henrico County and Varina.”
Bail Bonds Chesterfield VA

Reynolds CC dedicates student center


Reynolds Community College recently celebrated the dedication of the Jerry and Mary Owen Student Center, named for longtime supporters of the college who have made numerous investments in it.

Jerry Owen served on the Reynolds College Board from 1984 to 1988, and he and his wife support the college’s scholarship fund and created an endowment for the Reynolds Middle College, which helps students earn a high school equivalency and transition into a degree or workforce credential program. > Read more.

Capital One sponsors ‘Coders Experience’


Capital One hosted its “Coders Experience” event in Richmond and a number of other state locations Oct. 14. The events attracted hundreds of middle school girls, who learned how to create their own mobile apps, hone problem-solving skills and gain software development knowledge. A second day of Coders Experience events will take place Oct. 21. More than 500 Capital One volunteers are participating in the 10 events. > Read more.

Hermitage band member named All-American


The U.S. Army All-American Bowl Presented by American Family Insurance Selection Tour will visit Hermitage H.S. Oct. 19 to recognize Truman Chancy as a 2018 U.S. Army All-American. Hermitage High School will honor Chancy before his classmates, bandmates, family and friends at the high school’s band room during band practice, and he will be presented with his honorary All-American Marching Band jacket. > Read more.

Crime Stoppers’ Crime of the Week: Oct. 16, 2017


This week, Metro Richmond Crime Stoppers is asking for the public to assist the Richmond Police Department in the identification of wayward artists that were using buildings as their canvas.

In the early morning hours of Sept. 14, four people were recorded on security cameras vandalizing multiple properties in the area of the 2500 blocks of West Main Street and Floyd Avenue. The suspects (pictured) were walking north on Robinson Street and spray painting the properties as they meandered along. > Read more.

Slipping through


Hermitage quarterback Jay Carney escapes defenders during the Panthers' 33-0 win against Godwin Friday night. Hermitage is 8-0 and has won its past four games by a combined score of 172-28. > Read more.

Henrico Business Bulletin Board

October 2017
S M T W T F S
·
·
·
·

Calendar page

tel:18772241804
tel:18772210315

Classifieds

Place an Ad | More Classifieds

Calendar

Tararam will present “Israel’s Stomp” at 3 p.m. at the Weinstein JCC. Tararam is a blend of rhythm, movement, and wit interwoven with tightly choreographed body drumming sequences. The performers produce extraordinary sounds from ordinary objects such as tin cans, metal and plastic barrels, wooden chairs, spoons, and industrial tools, along with vocals and live music. A reception will follow. Admission is $18 for members with a $50 family max, $23 for nonmembers with a $65 family max and $15 for seniors, students and groups of 10+. For details, visit http://www.weinsteinjcc.org. Full text

Your weather just got better.

Henricopedia

Henrico's Top Teachers

The Plate