NORFOLK, VA – April 26, 2023 – Lawson is proud to share that The Foundry Apartments in Richmond, VA have been awarded the Greater Richmond Association for Commercial Real Estate Award for Best Affordable Housing.
The GRACRE Real Estate Awards recognize outstanding real estate projects and transactions that were completed and delivered in the Richmond market in 2022.
The Foundry is a 100% affordable 200-unit LIHTC (Low Income Housing Tax Credit) multifamily community located in Richmond’s Chamberlayne district. This historically industrial area in Richmond’s Northside is experiencing an exciting revitalization with several new affordable and market-rate residential developments recently completed or under construction.
The Foundry provides Richmond families earning at or below 60% AMI with top-quality 1-, 2-, and 3-bedroom affordable apartment homes, including 10 UFAS accessible units for residents with disabilities.
The community features high-end amenities not often associated with affordable housing including a resort-style pool, modern fitness center, accessible playground, community clubhouse, outdoor fire pit and grilling area, elevators, and bicycle storage. Spacious apartments include modern kitchen and bath finishes with granite countertops, vinyl plank flooring, and in-unit washer and dryer hookups in energy-efficient Energy Star rated buildings.
At Lawson, we understand that what we do – and how we do it – affects the everyday lives of people we care about. For more than 50 years we’ve focused on positively impacting people, from team members and residents to investors and business partners. We manage and own approximately 4,800 apartment units and continue to grow with nearly 1,200 units in development. Our business model provides vertical integration of development, construction, property management and asset management, which enables our team of experts to add value at every stage for our partners. When you act with integrity, focus on quality and work to find creative solutions, great things are possible. It’s how we’ve done business at Lawson since 1972. For more information, please visit www.lawsoncompanies.com.
The Greater Richmond Association for Commercial Real Estate (GRACRE) provides opportunities for professionals in all disciplines relating to commercial real estate to interact with one another. GRACRE encompasses the City of Richmond and the counties of Chesterfield, Goochland, Hanover, and Henrico. For more information, please visit www.gracre.org.