Commonwealth Catholic Charities Completed Housing Phase

The Greenway Village development in Richmond provides 56 income-based housing units for local residents.

Updated on Sept. 22, 2026 in Construction

Isometric editorial illustration of a multi-story brick apartment building facade, representing new residential housing development. — Commonwealth Catholic Charities has completed Greenway Village, a $22 million housing project in Richmond that provides 56 income-based residential units. AI Illustration. Upload story photo >

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Commonwealth Catholic Charities has advanced the Greenway Village housing development, a 56-unit project located in Richmond. The $22 million initiative provides affordable housing options for households earning between 40 and 60 percent of the area median income.

Why it matters

This project was developed by Commonwealth Catholic Charities to directly address the urgent need for housing affordability in Richmond. It serves as a model for leveraging multiple public and private funding sources to stabilize neighborhoods.

The 3.25-acre Greenway Village site will ultimately house 14 buildings comprising 56 income-based units. The project budget is approximately $22 million, supported by nearly 10 distinct funding sources.

The players

Commonwealth Catholic Charities

This organization is a social services agency that manages housing development and community support initiatives throughout the region.

Catholic Diocese of Richmond

The religious institution serves as the owner of the land utilized for the Greenway Village development.

Baskervill

This is a full-service architecture and design firm responsible for the layout and visual planning of the housing project.

UrbanCore Construction

This entity is a general contractor firm specialized in handling large-scale building projects and site development.

Virginia Housing

This state authority provides financing and grants to support affordable housing development programs.

The details

Located on Fourqurean Lane, the development was constructed by UrbanCore Construction with architecture by Baskervill to provide housing for residents earning 40 to 60 percent of the area median income. The team managed rising costs and supply chain constraints through multiple design iterations during the development process.

Planning for Greenway Village began in 2019.
Special-use permit approval was granted in 2021.
Construction work commenced in Summer 2025.
The first phase of buildings is expected to be ready by September 2026.

Market Landscape

Greenway Village follows the model set by the Virginia Housing affordable housing grant program to catalyze development in constrained urban sectors. This project highlights the reliance on complex, multi-source funding packages to move residential construction forward in a high-cost environment.

Eligible households in Richmond will gain access to 56 new income-based apartments upon the completion of the project phases. This addition provides a tangible increase in available housing stock for families earning between 40 and 60 percent of the area median income.

The takeaway

Large-scale housing developments often require complex layers of grants and loans to remain viable in the current economy. Prospective residents should monitor public announcements regarding income-based housing eligibility as these projects near completion.

What happens next

The developer plans to complete all 14 buildings by the end of 2026 and intends to apply for tax credits for the upcoming Oliver Hill Way project next year.