(RECAP: Habitat for Humanity is plotting on using recent changes in the tax law to redevelop a 120-acre, 341-unit mobile home park in Charlottesville, Virginia, into a city within a city, complete with single-family homes, townhouses and retail. The nonprofit bought the land in 2007 and has already spent $20 million at the park to stabilize the infrastructure. The residents own the homes but not the land and have a voice in the renovation plans. To help finance the project, Habitat is exploring tax credits attached to Opportunity Zones.)

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(RECAP: Richmond-based Better Housing Coalition is launching the final phase of its 14-acre Market Square community near Jefferson Davis Highway and Alcott Road with the construction of a $9 million, 60-unit apartment building for people over 55. About $5.5 million of the project is being financed through low-income tax credit equity, while $2.8 million is coming from financing through the Virginia Housing Development Authority. The remaining balance for the project is from equity raised by the BHC.)

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(RECAP: Governor Ralph Northam today announced $4.5 million in Vibrant Community Initiative (VCI) funding for housing and community development projects in Albemarle and Middlesex counties. VCI combines multiple Virginia Department of Housing and Community Development (DHCD) funding sources to support local or regional comprehensive community-based projects, including affordable housing, community development and economic development components. The Virginia Housing Development Authority (VHDA) has partnered with DHCD to provide critical technical help and financial support.)

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