Neighborhood Revitalization Initiative
It is painfully obvious many of Hampton Roads' once vibrant neighborhoods are in desperate need of some "T L C" to bring them back to life and save them from further erosion. One can only imagine the discouragement residents face as they walk out their front door or the shame our citizens feel when transiting distressed communities. Are we living in a Third World country? The goal of the VHCDC Neighborhood Revitalization Initiative (NRI) is to reclaim neighborhoods blighted by deteriorating structures, abandoned properties, and dumping grounds and convert them into stable, vibrant communities with next-generation housing.
The VHCDC NRI Team works directly with the neighborhood residents to assess their community needs and, in partnership with our investors, community impact team, and service providers work to improve the residential properties and infrastructure of those communities. We invite residents to accept this opportunity to realize the following rewards for their neighborhood:
- Smart technology incorporated into housing design and rehabilitation.
- Rehabilitated properties are affordable to buy, and affordable to live-in.
- Standard features typically optional in most new homes.
- Fire retardant materials.
- Low energy consumption.
The need for rehabilitation and the preservation of single family housing and neighborhoods are well documented in the published Comprehensive Plan for the City of Norfolk and similarly the City of Portsmouth. VHCDC relied on these plans in selecting the communities/neighborhoods it would acquire and rehabilitate single family housing assets. The service areas for this Initiative include seven (7) of the twenty-seven conservation areas in the City of Norfolk, and six (6) of the thirty-five (35) conservation areas in the City of Portsmouth. Additionally, VHCDC will pursue properties in Chesapeake, Hampton, Isle of Wight, Newport News, and Suffolk on a case-by-case basis.
Sponsorship and Investment Opportunities
Your gift of financial or volunteer support is vital to helping VHCDC revitalize communities across Hampton Roads. Click here for a list of the sponsorship opportunities and the tangible and intangible benefits you will receive for your support. Alternatively, becoming a limited partner can provide financial and social rewards. Click here for investment opportunities with VHCDC Community Investment Partners, LP. Or, if you'd simply like to donate to VHCDC to support our cause please click here.