Norfolk Native’s Company Announces $20 Million Investment for Workforce Housing CPDC has publicized its investment in the Woodmere Trace apartment community. The community will focus on families who earn too much to qualify for housing subsidies. To date, there are few nonprofit real estate developers of scale in Norfolk
Workforce Housing Planned for Complex in Norfolk CPDC plans to renovate the Woodmere Trace apartment complex in Norfolk in which they have newly invested $20.7 million. Renovations planned for the 37 buildings include new kitchens, bathrooms, air conditioning and heating systems, etc. READ MORE Workforce housing planned for complex
CPDC Acquires Norfolk Apartment Communities for $20M CPDC’s acquisition of Woodmere Trace, a 300-unit workforce housing property in Norfolk, represents the DC nonprofit’s entrance into the Hampton Roads market. The deal is being financed through the Housing Partnership Equity Trust, or Equity Trust, a social-purpose REIT created to increase
CPDC Makes $20.7 Million Investment in Norfolk CPDC announced a $20.7 million investment in the acquisition a 300-unit housing community in Norfolk, VA. Woodmere Trace, a workforce community, will be fully renovated with completion by the end of 2014.
Norfolk Native’s Company Announces $20 Million Investment for Workforce Housing CPDC announced a $20.7 million investment Tuesday in the acquisition and renovation of Woodmere Trace. This acquisition aligns with CPDC’s strategic plan to expand into Hampton Roads, Richmond, and Baltimore.