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Board signals support to help close $350,000 gap for Raleigh Park workforce housing
Summary
Bay Aging and project partners outlined a 24-unit income-restricted development at Cook's Corner with $2.06 million already awarded and $1.1 million pending; the board signaled consensus to help cover a $350,000 shortfall to keep the project on schedule.
Bay Aging representatives updated the Middlesex County Board of Supervisors on the Residences at Raleigh Park, a proposed 24-unit income-restricted workforce housing development at Cook's Corner (Tax Map 27-177). Ms. Vesley said the project has secured approximately $2.06 million in grant awards, with an additional $1.1 million pending and a possible loan request of up to $3 million through the Virginia Housing Strategic Lending Program; some awards expire in August and officials warned the project could pause if full financing is not secured.
Chairman Don R. Harris suggested the County assist in closing the remaining funding gap of $350,000, and the minutes report consensus among board members to pursue that approach. Project representatives present included Josh Jamerrick and Mr. Alan Walker, who provided financing and timeline details. The board did not take a formal roll-call vote on funding during the session; the discussion established direction for staff to follow up on closing the gap and monitoring pending awards.
