(RECAP: New apartments being constructed near the former Virginia Intermont College are designed to address a growing need for affordable housing. Six buildings of the $9.2 million Village at Oakview complex are currently being built by G & H Contracting on the former site of the Bonham Circle apartment complex. The new Oakview Avenue units are being developed by Bristol Redevelopment and Housing Authority, Executive Director and CEO David Baldwin said. “This provides another style of affordable housing that will be affordable from the rent standpoint and very low cost on utilities,” Baldwin said. Bonham Circle included 39 public housing apartments. The new apartments will include 32 lower-income units and 16 public housing units that will be a mix of two- and three-bedroom units in a dozen buildings. Project financing included $6.72 million in low-income housing tax credits, $1.24 million public housing funding, a $950,000 mortgage loan and $300,000 from other sources.)

Powered by WPeMatico