A non-profit developer plans to bring hundreds of affordable-housing units to Augusta County. The first step came Wednesday, with the ribbon-cutting of "Waterford Village" near Staunton.
Wednesday, the Humanities Foundation opened Waterford Village just off Route 250 east of Staunton. It's a 96-unit complex with two- and three-bedroom apartments starting at $475 a month.
Affordable housing is based on income, and tenants go through rigorous screening when they apply for a lease. The foundation believes this housing option is greatly needed in Augusta County.
The non-profit Humanities Foundation has more than a thousand apartments in the state of South Carolina and recently began to eye other states.
For their first development in Virginia, directors say they chose Augusta County because of its strong growth and red carpet for business.
Shane Doran with the Humanities Foundation said, "It's a very thriving and growing community, and affordable housing is a key to that. We don't think you should have to be rich to have a nice place to live. All the surveys and all the market studies show that there is a great need for it, especially now in these hard times."
During the opening ceremony, county supervisors said Waterford Village is ideal for industrial workers, firefighters and teachers. Construction was partly funded by low-income tax credits.
The Humanities Foundation has applied for LEED Gold certification. It's an efficiency rating that translates to lower utility bills for tenants.
The non-profit plans to open a similar complex in Stuarts Draft this fall and is also eying two more possible locations in Augusta County.
Posted on Thu, June 30, 2011
by NBC29.com filed under