Hillpoint Trace
Overview
Hillpoint Trace, located in Suffolk, Virginia, is a residential project offering 75 affordable housing units, primarily designed to accommodate families. This development is particularly notable for its range of units catering to larger families, with most apartments being spacious 3-bedroom options. The units are available to families earning between 30% and 80% of the AMI, addressing a crucial need for affordable housing in the area.
Impact & Resident Outcomes
The development represents a blend of affordability, sustainability, and practical living solutions, contributing positively to the local community's housing needs — with family-sized homes that are rare in the affordable housing market.
Development Highlights
Financing Structure:
- 9% Low Income Housing Tax Credit equity
Sustainability Features:
- National Green Building Standard (NGBS) Silver rating
- Solar power supplying approximately 18% of the building's energy needs
Community Context
Located in Suffolk, Hillpoint Trace benefits from its proximity to local amenities, parks, and transportation, making it a convenient and practical option for families seeking affordable housing in the area.
Gallery
Highlights
- •75 affordable family homes, predominantly 3-bedroom
- •Serving families earning 30-80% of AMI
- •9% LIHTC financing
- •NGBS Silver rating with rooftop solar
Partners
- Development Partners
- Taft Mills Group, RWN Consulting Group
- Architect
- Consolidated Design Group
- Property Manager
- Excel Property Management
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