Denied $30M in federal funding, east end overhaul project faces delays | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: In Richmond’s Creighton Court, residents are coming to terms with news that an overhaul of the public housing development will not happen any time soon. Many saw the east-end redevelopment as a second chance for Creighton Court and the surrounding area, but with $30 million in federal funding falling through, the restart will have to wait. Earlier this year, the Richmond Redevelopment Housing Authority projected the Creighton Court overhaul would take five years. Without the grant, it could take 10. Moving forward, Richmond city council will have to make a new approach to re-develop the area.)