{"content":[{"text":"Let’s \n do more, \n together.","bbox":{"left":0.124379,"top":0.036616,"width":0.27136799999999994,"height":0.165719}},{"text":"THE STORY \n Piper Square is an existing multi-family public housing \n development located in Hopewell, VA. Piper Square LLC, \n an entity owned by Hopewell Redevelopment and Housing \n Authority, plans to substantially rehabilitate the property, \n which includes 104 affordable housing units. This project \n will utilize a combination of HUD funds, State HOME funds, \n equity from nonprofit investor VCDC, a construction loan from \n Virginia Housing, and a bridge loan and Capital Magnet \n funds from VCC.","bbox":{"left":0.092337,"top":0.527296,"width":0.464615,"height":0.19247900000000007}},{"text":"PIPER SQUARE \n HOP EW EL L , VA","bbox":{"left":0.623796,"top":0.533525,"width":0.273687,"height":0.05471899999999996}},{"text":"VCC PARTNERSHIP \n Piper Square is a RAD conversion of public housing utilizing \n 2019 LIHTC’s, and Virginia Housing was the lead lender \n with a construction-to-perm loan. To fill a financing gap \n during construction, VCC approved a $1.5 million bridge \n loan for a two-year term to allow the deal to move forward. \n This construction loan will also satisfy the 5%-member \n participation requirement for an AHP award. VCC was able \n to lower its interest rate with the use of Capital Magnet funds, \n and used an additional $50,000 grant to help ensure this \n community’s affordability for years to come.","bbox":{"left":0.092337,"top":0.739038,"width":0.4600310000000001,"height":0.210661}},{"text":"Piper Square exterior","bbox":{"left":0.680634,"top":0.782078,"width":0.16064500000000004,"height":0.017818}},{"text":"Corbin Anderson \n VP, Real Estate Loan Officer \n (804) 793-0989","bbox":{"left":0.701323,"top":0.82514,"width":0.22582199999999997,"height":0.06834799999999996}},{"text":"canderson@vccva.org","bbox":{"left":0.739292,"top":0.906266,"width":0.183214,"height":0.018635999999999986}},{"text":"vacommunitycapital.org","bbox":{"left":0.615611,"top":0.947283,"width":0.290693,"height":0.024343000000000004}}],"images_bbox":[{"left":0.591806,"top":0.827819,"width":0.098609,"height":0.076198},{"left":0.697266,"top":0.90277,"width":0.035447,"height":0.027391},{"left":0.632681,"top":0.655933,"width":0.254464,"height":0.121164}],"images_bbox_not_text_overlap":[{"left":0.591806,"top":0.827819,"width":0.098609,"height":0.076198},{"left":0.697266,"top":0.90277,"width":0.035447,"height":0.027391},{"left":0.632681,"top":0.655933,"width":0.254464,"height":0.121164}]}