VHDA - SPARC Loan & 9% LIHTC
USDA-Rural Development - Section 515 Direct Loan
Project TeamGeneral Contractor Burwill Construction Architect AES Architect Equity Investor Michel Associates Management Severn Management Company Developer Edwards & Layfield Development Company
Stonegate Apartments is an acquisition and moderate rehabilitation of an existing 36 unit USDA Rural Development community that was originally built in the 1980s. The project underwent a rehabilitation in 2005 with a scope of work that included new kitchens, appliances, mechanical systems and many energy efficiency upgrades. The project exterior enhancements included new landscaping, new paving and site-wide ADA compliance.