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East End News

Better Housing Coalition earns $1,000,000 grant

The Better Housing Coalition has raised more than $2 million in matching funds to complete a $1 million, two-for-one challenge grant awarded the organization by The Cabell Foundation in November 2012.

The challenge grant leverages a total of $3,252,442 in philanthropic gifts that are helping to underwrite BHC’s continued efforts to increase and preserve the stock of affordable housing for lower-wealth families in Richmond’s East End.

Matching donations received include $568,717 from 29 individual donors; $553,725 in foundation funding and $1,130,000 from corporations and public entities. At the time of the award, the grant was the largest issued by The Cabell Foundation and remains the largest gift ever received by BHC.

“Our goal from the outset of the campaign was to preserve and/or produce 150 homes in a 10-block target area of Church Hill,” said Greta Harris, president and CEO of the Better Housing Coalition. “Thanks to The Cabell Foundation’s extraordinary challenge, we have produced 134 homes so far. By the end of 2015, we will have exceeded our goal.”

The challenge grant is the second issued by The Foundation to BHC as part of its “Church Hill Awakening” campaign, an initiative to raise $10 million to accelerate the revitalization of North Church Hill.

Since 1996, BHC has invested more than $30 million in developing and renovating affordable homes for lower-wealth seniors and working families in the North Church Hill community.

Some recent examples are the Beckstoffer’s Mill Loft Apartments on N. 28th Street, the adaptive reuse of an historic lumber mill into 29 multi-family apartments; and Somanath Senior Apartments, dedicated in April 2014, which provide 39 energy-efficient apartments for seniors 55 and up. With the addition of 10 new single-family townhomes on North 29th street scheduled for completion in 2015, the Beckstoffer’s development will be complete.

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31 comments

Houdon 09/03/2014 at 9:06 AM

Please renovate the Citadel of Hope!!!

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James T 09/03/2014 at 10:31 AM

Be nice if lower Mosby Court were scheduled for demolition sometime within next decade. It (lower Mosby Court) does not look terrible but redevelopment, building single family mixed income housing, along with the beautiful, new MLK middle school would go a long way in improving safety, building a stronger tax base for the city and integrating middle income families with lower income families.

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Stacie Birchett 09/03/2014 at 11:46 AM

Thanks for posting, John! BHC continues its work in CH, and looks for opportunities to lift blocks of Church Hill – North CH in particular. We hope to have some exciting news to share soon.

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Elaine Odell 09/03/2014 at 2:11 PM

A lot of folks at BHC (staff/volunteers/board/donors) have been working long and hard to achieve this successful grant award. Their dedication to this city and their belief in playing the long game is inspiring!

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Eric S. Huffstutler 09/03/2014 at 9:36 PM

I am glad. This group does excellent work blending in new structures like in the photo.

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Cadeho 09/03/2014 at 11:08 PM

Tear down Fairfield Court and rebuild Woodville!

Reply

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