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With more than $25 million being spent, an entire neighborhood in Petersburg is about to see a dramatic change.

The $25 million total project includes about 100 new units of housing in and around the Virginia Avenue School. Leaders say it can revitalize the neighborhood.

Citywire + rated fund manager relinquishes role with analyst stepping up to support A-rated investor.

Since 2001, the Virginia Avenue School has sat empty, except for graffiti, long empty desks, and the school's name over the door.

EquityPlus Completes "4% Floor" $16 Million Bond Sale To Finance Senior Citizen Affordable Housing And Community Wellness Center "A Major Victory for Residents of Affordable Housing and Thousands of Families Who Remain in Need of Housing." News provided by Share this article Share this article RICHMOND, Va., May 8, 2021 /PRNewswire/ -- EquityPlus LLC today announced the successful sale of $16 million in bonds issued by the Richmond Redevelopment & Housing Authority. Proceeds from the bond sale ...

Share: RICHMOND, Va., May 8, 2021 /PRNewswire/ -- EquityPlus LLC today announced the successful sale of $16 million in bonds issued by the Richmond Redevelopment & Housing Authority. Proceeds from the bond sale will finance renovations to the Shockoe Hill Senior Apartments, a 100 percent affordable housing complex owned by Capital Realty Group, and the construction of a new community wellness center for its residents in Richmond, Virginia. "We are delighted to support Richmonds affordable housi...