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1) Goal: Increase the community’s homeownership rate while promoting income
diversity
Benchmarks
a) Develop 50 attractive and affordable single-family homes (with at least 26
targeted for low-income families and up to 24 targeted for middle-income
families) over a five-year period. This activity will continue to promote
income-diversity as part of the continued new housing development at
Madison Heights and Jefferson Park. Funding sources to include the
Community Development Block Grant (CDBG), HOME Program, VHDA
SPARC, and bank financing. Development participants include NNRHA,
Jefferson Park Civic League, Peninsula Community Development
Corporation, Habitat for Humanity, and private developers (for the middle-
income units).
b) Acquire and renovate 10 vacant single-family homes over a five-year
period. Although it is anticipated that these homes will be primarily marketed
to low-income families, as many as four could be marketed to middle-
income homebuyers. Funding sources to include the CDBG, HOME
Program, Hampton Roads Regional Loan Fund, and private sector
financing. NNRHA represents the lead development entity with potential
participation by local Community Housing Development Organizations
(CHDOs) and private entities.
c) Assist approximately 50 low-income homeowners over a five-year period
including families, senior citizens, and owners with disabilities with loans to
enable necessary renovations to properties to address code deficiencies,
accessibility issues, and emergency repairs. Funding sources to include
CDBG, HOME, and State assistance if available.
2) Goal: Facilitate the revitalization/redevelopment of rental communities to provide
a positive residential environment and serve as a strong community asset
Benchmarks
a) Continue to redevelop the Orcutt Homes public housing community by
replacing 148 units of World War II-era housing with up to 148 units of new
housing through a multi-phase redevelopment strategy with the following
features (50 units already replaced under initial NRSA):
♦ Up to 98 family townhouse units utilizing a development model
somewhat similar to the new Lassiter Courts.
♦ An innovative financing approach to include Low-Income Housing
Tax Credits, Public Housing Capital Funds, and other financing.Jump to an indexed page (228 of 228)