{"id":18066,"date":"2021-07-13T18:53:58","date_gmt":"2021-07-13T18:53:58","guid":{"rendered":"https:\/\/lawsoncompanies.com\/?post_type=news&#038;p=18066"},"modified":"2025-02-17T13:48:30","modified_gmt":"2025-02-17T18:48:30","slug":"lawson-awarded-low-income-housing-tax-credits-for-lynchburg-multifamily-development","status":"publish","type":"news","link":"https:\/\/lawsoncompanies.com\/news\/lawson-awarded-low-income-housing-tax-credits-for-lynchburg-multifamily-development\/","title":{"rendered":"LAWSON AWARDED LOW INCOME HOUSING TAX CREDITS FOR LYNCHBURG MULTIFAMILY DEVELOPMENT"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>VIRGINIA BEACH, VA \u2013 JULY 13, 2021 \u2013<\/strong> Virginia Beach developer Lawson has been awarded Low Income Housing Tax Credits in the Virginia Housing 9% competitive LIHTC round for the development of phase two of Miller\u2019s Rest Apartments in Lynchburg Virginia. The development placed first in the Balance of State LIHTC Pool.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Miller\u2019s Rest Phase II creates 40 affordable apartments for Lynchburg families earning less than 60% AMI (Area Median Income). Five units meet Uniform Federal Accessibility Standards (UFAS) for residents with qualifying disabilities, 10 units meet Universal Design (UD) standards, and the development has been awarded 5 Project Based Vouchers (PBV) by Lynchburg Redevelopment and Housing Authority.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Miller\u2019s Rest is an energy-efficient EarthCraft Gold certified community featuring amenities comparable to market-rate apartments including modern kitchens and bathrooms with granite countertops in all units, access to a state-of-the-art fitness center, community clubhouse with free wi-fi, handicap accessible play area, security cameras and controlled access, and bicycle storage. Lawson expects to welcome residents to Miller\u2019s Rest Phase II in the first quarter of 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first phase of Miller\u2019s Rest includes 80 affordable apartments with 10 units meeting UFAS Standards, 20 units meeting UD standards, and 8 PBVs. Lawson will break ground on the development in early August 2021 and expects to move residents in early 2022. Lawson President and CEO, Carl Hardee said, \u201cLawson is 100% focused on providing the highest quality affordable housing to Virginia families. With Miller\u2019s Rest we\u2019re excited to put our decades of experience in the industry to work in Lynchburg.\u201d<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1-1024x576.jpg\" alt=\"\" class=\"wp-image-17317 lazyload\"\/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1-1024x576.jpg\" alt=\"\" class=\"wp-image-17317 lazyload\" srcset=\"https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1-1024x576.jpg 1024w, https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1-300x169.jpg 300w, https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1-768x432.jpg 768w, https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1-1536x864.jpg 1536w, https:\/\/lawsoncompanies.com\/wp-content\/uploads\/2020\/11\/Millers-Rest-1.jpg 1799w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><figcaption>Miller&#8217;s Rest Apartments, a new affordable multifamily community developed by Lawson in Lynchburg, Virginia.<\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Lawson&nbsp;<br><\/strong>At Lawson, we understand that what we do \u2013 and how we do it \u2013 affects the everyday lives of people we care about. Since 1972, we\u2019ve focused on positively impacting the communities we serve, from team members and residents to investors and business partners. We manage and own nearly 6,000 apartment units and continue to grow with approximately 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\u2019s how we\u2019ve done business at Lawson for over 45 years. For more information, visit <a href=\"http:\/\/www.lawsoncompanies.com\">www.lawsoncompanies.com<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Virginia Housing&nbsp;<br><\/strong>When homes are affordable and accessible to jobs, good schools and transportation, everyone benefits. Individual lives are improved and communities as a whole grow stronger. Virginia Housing was created in 1972 by the General Assembly to help Virginians attain quality, affordable housing. We carry out this mission by working in public-private partnerships with local governments, community service organizations, lenders, Realtors, developers and many others. We provide mortgages for first-time homebuyers, as well as financing for apartment communities and neighborhood revitalization efforts. We offer free homebuyer classes, support housing counseling, and help people with disabilities and the elderly make their homes more livable. We also administer the federal Housing Choice Voucher and Housing Credit programs in Virginia. Virginia Housing is self-supporting and receives no state taxpayer dollars to fund our programs. Instead, we raise money in the capital markets, and we contribute a significant portion of our net revenues each year to help meet Virginia\u2019s most difficult housing needs. <a href=\"http:\/\/www.virginiahousing.com\">www.virginiahousing.com<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Lynchburg Redevelopment &amp; Housing Authority<br><\/strong>LRHA\u2019s mission is to maximize housing opportunities by being a leader in community redevelopment, by revitalizing neighborhoods, and by promoting economic growth and development through collaborating with organizations and the greater community to achieve clean, comfortable, attractive, affordable housing maintained in a manner that fosters pride and dignity. Learn more at <a href=\"http:\/\/www.lynchburghousing.org\">www.lynchburghousing.org<\/a>.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":""},"news-topic":[236],"class_list":["post-18066","news","type-news","status-publish","hentry","news-topic-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LAWSON AWARDED LOW INCOME HOUSING TAX CREDITS FOR LYNCHBURG MULTIFAMILY DEVELOPMENT - Lawson Companies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lawsoncompanies.com\/news\/lawson-awarded-low-income-housing-tax-credits-for-lynchburg-multifamily-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAWSON AWARDED LOW INCOME HOUSING TAX CREDITS FOR LYNCHBURG MULTIFAMILY DEVELOPMENT - Lawson Companies\" \/>\n<meta property=\"og:description\" content=\"VIRGINIA BEACH, VA \u2013 JULY 13, 2021 \u2013 Virginia Beach developer Lawson has been awarded Low Income Housing Tax Credits in the Virginia Housing 9% competitive LIHTC round for the development of phase two of Miller\u2019s Rest Apartments in Lynchburg Virginia. 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