People Incorporated hosted a successful Open House event celebrating the completion of construction of Luray Meadows Apartments on Friday, Aug. 26, 2022.
The agency was joined by partners, special guests and community members to celebrate the completion of the 52-unit affordable housing property.
State Sen. Mark Obenshain (R-Harrisonburg) and Town of Luray Mayor Jerry Dofflemyer joined People Inc. President & CEO Bryan Phipps for brief remarks before Bryan Ailey, People Inc. vice president and chief development officer, and Hunter Snellings, director of affordable housing development, led tours of the property.
“It’s a great day in Luray,” said Mayor Jerry Dofflemyer. “Housing of course, like many places, is an issue, and to have 52 units at one time is big.”
Representatives from the Virginia Department of Housing and Community Development, Page County, Virginia Housing, VCDC and more were also on hand to celebrate the completion of construction.
The total cost of the project was $13.45 million and was funded by a mixture of private and public funding streams, including Virginia Housing REACH, Virginia DHCD HOME, Northern Shenandoah Valley Regional Commission HOME, DHCD Community Development Block Grant, VCDC Low Income Housing Tax Credit equity and Community Development Financial Institution Fund Capital Magnet funding.
The new property consists of 52 units. Of those units, 41 are 2-bedroom, 1.5-bathroom units and 11 are 3-bedroom, 2-bathroom units. Six of the units are fully accessible for residents with disabilities. The property has received an EarthCraft Gold Green Building certification. Luray Meadows also features a community building with laundry, a community room, leasing and maintenance office onsite.
Luray Meadows is the agency’s largest affordable housing development to date and is the first Low Income Housing Tax Credit property in Page County in 20 years. Click here for more information and to apply.