Creighton Court area transformation moving forward | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: Gov. Terry McAuliffe is pitching in $2.5 million to help Richmond in transforming the impoverished Creighton Court area of the East End into a model, mixed-income community. The governor went to the East End on Wednesday to announce Richmond as a winner of a Vibrant Community Initiative grant. The grant will support development of a $45 million subdivision on the 20-acre site where the former Armstrong High School now stands. The Richmond Redevelopment and Housing Authority is taking the lead on the project, with major financial support from City Hall, which has made this project a signature effort to de-concentrate poverty and stimulate growth in a depressed part of Richmond. Work is expected to start in October with the demolition of the ancient Armstrong building, followed by site work and then construction on the first of the plotted 256 new residences, 220 apartments and 36 single-family homes.)