Historic Tax Credit Projects

Skyview of Overton Lofts

Overton Lofts

Elizabeth City, NC

  • 451 N Hughes Boulevard, Elizabeth City, NC
  • Originally a Cotton Mill & Warehouse
  • Built in 1896
  • Converting to 112 Apartments
  • Expected completion 2026
  • Valued at $25,000,000
  • Architect: Ratio
  • Financing: Atlantic Union Bank

Arcadia Building Flats

Staunton, Virginia

  • 119 E Beverley Street, Staunton, VA
  • Originally an Odd Fellows Hall
  • Built in 1847
  • Converted to 23 Apartments & 1 Commercial Storefront
  • Completed in 2024
  • Valued at $4,200,000
  • Architect: Ratio
  • Financing: Atlantic Union Bank

Staunton Steam Laundry Apartments

Staunton, Virginia

  • 110 W Hampton Street, Staunton, VA
  • Originally a Commercial Laundry Plant
  • Built in 1928
  • Converted to 48 Apartments & 2 Commercial Spaces
  • Completed in 2023
  • Valued at $6,800,000
  • Architect: Ratio
  • Financing: Valley Star Credit Union

Bathroom with spa
Tables at a spa for clients

Blackburn Spa & Conference Center

Staunton, Virginia

  • 106 Village Drive, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1900
  • Converted to 2 Event Spaces, 2 Apartments and a Spa
  • Completed in 2020
  • Valued at $2,800,000
  • Architect: Ratio
  • Financing: Virginia Commonwealth Bank

The Beverley Hotel Apartments

Staunton, Virginia

  • 104 South New Street, Staunton, VA
  • Originally a Hotel
  • Built in 1909
  • Converted to 28 Apartments
  • Completed in 2019
  • Valued at $4,200,000
  • Architect: Apex Design Group
  • Financing: Virginia Commonwealth Bank

Bar with alcohol
Spiral staircase
creek with bridge
bedroom with bed and chairs
couch in a bedroom

The Blackburn Inn

Staunton, Virginia

  • 301 Greenville Avenue, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1828
  • Converted to a Hotel
  • Completed in 2018
  • Valued at $9,500,000
  • Architect: Apex Design Group & Robert Mills Architect
  • Financing: Union Bank

Skyview of the Lofts at the Villages

The Lofts at The Villages

Staunton, Virginia

  • 101 Village Drive, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1935
  • Converted to 38 Apartments
  • Completed in 2016
  • Valued at $6,000,000
  • Architect: Apex Design Group
  • Financing: Union Bank

359 Greenville Avenue

Staunton, Virginia

  • 359 Greenville Avenue, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1931
  • Single-Family
  • Completed in 2015
  • Valued at $425,000
  • Architect: Apex Design Group
  • Financing: Union Bank

357 Greenville Avenue

Staunton, Virginia

  • 357 Greenville Avenue, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1939
  • Single-Family
  • Completed in 2014
  • Valued at $425,000
  • Architect: Apex Design Group
  • Financing: Union Bank

exterior of the building at 526 High Street

526 High Street Apartments

Petersburg, VA

  • 526 High Street, Petersburg, VA
  • Originally a Luggage Factory
  • Build in 1895
  • Converted to 9 Apartments
  • Completed in 2013
  • Valued at $1,000,000
  • Architect: Apex
  • Financing: South State Bank

Pace King Mansion

Richmond, Virgina

  • 205 N. 19th Street, Richmond, VA
  • Originally a Private Residence
  • Built in 1860
  • Converted to 6 Offices & 3 Apartments
  • Completed in 2012
  • Valued at $1,250,000
  • Architect: Apex Design Group
  • Financing: Fulton Bank

High Street Lofts, Phase III

Petersburg, Virgina

  • 420 High Street, Petersburg, VA
  • Originally at Luggage Factory
  • Built in 1895
  • Converted to 36 Apartments
  • Completed in 2011
  • Valued at $5,500,000
  • Architect: Ratio
  • Financing: Xenith Bank

Brookdale Condominiums

Staunton, Virginia

  • 101 W. Village Drive, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1875
  • Converted to 13 Condominiums
  • Completed in 2009
  • Valued at $2,600,000
  • Architect: Ratio
  • Financing: Paragon Bank

355 Greenville Avenue

Staunton, Virginia

  • 355 Greenville Avenue, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1898
  • Converted to 2 Condominiums
  • Completed in 2008
  • Valued at $770,000
  • Architect: Ratio
  • Financing: First Market Bank

High Street Lofts, Phase II

Petersburg, Virginia

  • 420 High Street, Petersburg, VA
  • Originally at Luggage Factory
  • Built in 1895
  • Converted to 24 Condominiums
  • Completed in 2008
  • Valued at $3,900,000
  • Architect: Ratio
  • Financing: Virginia Housing Development Authority (VHDA)

The Bindery

Staunton, Virginia

  • 100 Village Drive, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1839
  • Converted to 19 Condominiums
  • Completed in 2007
  • Valued at $7,000,000
  • Architect: Mark Freeman & Associates
  • Financing: Wachovia Bank

Stribling House

Staunton, Virginia

  • 102 W. Village Drive, Staunton, VA
  • Originally part of Western State Hospital
  • Built in 1838
  • Converted to 2 Offices
  • Completed in 2007
  • Valued at $500,000
  • Architect: Ratio
  • Financing: Community Bank

1301 Porter Street

Richmond, Virginia

  • 1301 Porter Street, Petersburg, VA
  • Originally an Apartment Building
  • Built in 1914
  • Renovated 16 Apartments
  • Completed in 2006
  • Valued at $2,400,000
  • Architect: Ratio
  • Financing: First Market Bank

Exterior of High Street Lofts

High Street Lofts, Phase I

Petersburg, Virginia

  • 420 High Street, Petersburg, VA
  • Originally a Luggage Factory
  • Build in 1895
  • Converted to 10 Townhouses
  • Completed in 2005
  • Valued at $2,500,000
  • Architect: Mark Freeman & Associates
  • Financing: Resource Bank

The Old Y

Staunton, Virginia

  • 41 N. Augusta Street, Staunton, VA
  • Originally a YMCA
  • Built in 1914
  • Converted to 20 Condominiums
  • Completed in 2005
  • Valued at $5,725,000
  • Architect: Frazier Associates
  • Financing: Resource Bank

Old Manchester Lofts

Richmond, Virgina

  • 815 Porter Street, Richmond, VA
  • Originally a Bakery
  • Built in 1895
  • Converted to 80 Condominiums
  • Completed in 2004
  • Valued at $11,000,000
  • Architect: Mark Freeman & Associates
  • Financing: Wachovia Bank

Mule Barn Condominiums

Richmond, Virginia

  • 2511 Mule Barn Alley, Richmond, VA
  • Originally a Mule Barn
  • Built in 1915
  • Converted to 4 Condominiums
  • Completed in 2003
  • Valued at $867,000
  • Architect: BAM Architects
  • Financing: First Market Bank

One Monument Avenue

Richmond, Virginia

  • 413-421 Stuart Circle, Richmond, VA
  • Originally a Hospital
  • Built in 1912
  • Converted to 34 Apartments & 3 Offices
  • Completed in 2003
  • Valued at $12,000,000
  • Architect: Commonwealth Architects
  • Financing: Resource Bank

Shockoe Valley Lofts

Richmond, Virginia

  • 215 N. 19th Street, Richmond, VA
  • Originally a Synagogue
  • Built in 1850 & 1900
  • Converted to 37 Condominiums
  • Completed in 2003
  • Valued at $4,900,000
  • Architect: Mark Freeman & Associates
  • Financing: Resource Bank

Laurel Hill House

Richmond, Virigina

  • 1524 West Avenue, Richmond, VA
  • Originally a Nurses’ Dormitory
  • Built in 1931
  • Converted to 10 Condominiums
  • Completed in 2002
  • Valued at $2,900,000
  • Architect: Mark Freeman & Associates
  • Financing: Resource Bank

Lee School Lofts

Richmond, Virginia

  • 3101 Kensington Avenue, Richmond, VA
  • Originally an Elementary School
  • Build in 1919
  • Converted to 40 Apartments
  • Completed in 2002
  • Valued at $6,200,000
  • Architect: Mark Freeman & Associates
  • Financing: Principal Life Insurance Co.

Samuel Parsons House

Richmond, Virginia

  • 601 Spring Street, Richmond, VA
  • Originally a Private Residence
  • Built in 1818
  • Converted to 8 Apartments
  • Completed in 2001
  • Valued at $1,391,000
  • Architect: Mark Freeman & Associates
  • Financing: Resource Bank

Kensington Court

Richmond, Virginia

  • 2900 Kensington Avenue, Richmond, VA
  • Originally a Hospital
  • Built in 1923
  • Converted to 117 Apartments & 1 Office
  • Completed in 2000
  • Valued at $11,595,000
  • Architect: Mark Freeman & Associates
  • Financing: GMAC & HUD 221 (D)(4)

Sydnor and Hundley

Richmond, Virginia

  • 108 E. Grace Street, Richmond, VA
  • Originally a Furniture Store
  • Built in 1931
  • Converted to 54 Apartments & 2 Offices
  • Completed in 2000
  • Valued at $5,597,000
  • Architect: Mark Freeman & Associates
  • Financing: Wachovia Bank

Linden Tower

Richmond, Virginia

  • 116 E. Franklin Street, Richmond, VA
  • Originally a Medical Office Building
  • Built in 1922
  • Converted to 36 Apartments & 6 Offices
  • Completed in 1999
  • Valued at $3,525,000
  • Architect: Harnsberger & Associates
  • Financing: Wachovia Bank

Grace and First

Richmond, Virginia

  • 17 E. Grace Street, Richmond, VA
  • Originally 3 Single-Family Homes
  • Built in 1855
  • Converted to 19 Apartments
  • Completed in 1998
  • Valued at $1,000,000
  • Financing: Wachovia Bank

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