Posted on April 14, 2014
With the adaptive reuse of the former College Park Skating Rink, VSH developed Cloverleaf Apartments in 2008, the second permanent supportive housing development for homeless adults in the region.
In the true spirit of regional collaboration, the localities of Norfolk, Virginia Beach, Portsmouth and Chesapeake each provided funding and rental subsidies. Of the 60 units, 42 are for homeless adults from Virginia Beach, 12 from Norfolk, four from Portsmouth and two from Chesapeake, based on each locality’s contributions.
Total development costs were $7 million. Additional funding sources include the syndication of Low Income Housing Tax Credits, loans from the Virginia Department of Housing and Community Development and Virginia Housing Development Authority, and grants from private foundations.
Tenants are responsible for paying rent, which is 30 percent of each person’s individual income, with minimum rent payments of $50 per month.
VSH offers on-site supportive services through case managers who help residents stabilize, retain their housing and reclaim their lives.