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Board backs revitalization certificate for Stevens Woods Apartments in Cortland
Summary
The Southampton County Board of Supervisors unanimously adopted a resolution designating the Stevens Woods III apartment site as a revitalization area, a formal step TM Associates said is needed for a competitive Virginia Housing rehabilitation loan and tax-credit application.
The Southampton County Board of Supervisors unanimously approved a resolution on Feb. 25 designating Stevens Woods Apartments III in Cortland as a revitalization area, a step the project's developer said is required to strengthen its application for state housing rehabilitation financing.
TM Associates development associate Clark Henry described plans to renovate 36 apartment units at 2590 Oak Trail Road and asked the board to confirm that the property qualifies as a revitalization area so Virginia Housing can consider the project for financing.…
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