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FUND PORTFOLIOS




CAHEC
Port City – Richmond, Virginia

Port City, located just south of the James River in downtown Richmond, is the first phase of the adaptive reuse of a former tobacco manufacturing, storage, and research facility. The completed restoration consists of 135 units of affordable housing for families earning 30 to 80 percent of the Area Median Income. All units feature full kitchens, washer and dryer connections, and internet connectivity. The development also consists of amenities for residents such as a community building, car wash area, business and fitness centers, picnic area, and a dog park. Port City II Developer, LLC served as the developer for the $12.8 million project. Residents have access to an abundance of desired services including schools, a hospital, grocery stores, and public transportation. The newly renovated building offers high-quality, affordable apartments to a neighborhood that needed it the most.


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The National Association of State and Local Equity Funds

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