Homes in the Heights
Affordable and Sustainable Housing for Petersburg City, VA
A Milestone in Community Revitalization
Homes in the Heights is a visionary initiative dedicated to providing affordable and sustainable homeownership for the residents of Petersburg City, Virginia.
Ten single-family manufactured homes and 8 duplex homes will be located on previously city-owned vacant lots throughout Petersburg, VA. Using high quality manufactured homes on permanent foundations means that these homes will be available at highly competitive price points, starting in the low to mid $200s. With 3 and 4 bedroom configurations, the homes will cater to the needs of Petersburg families.
The first wave of homes is scheduled for delivery in the fall of 2023, marking a significant milestone in our mission to provide affordable homeownership opportunities to Petersburg residents. These homes will be located in BIPOC communities, including neighborhoods like Delectable Heights, Battersea, and Poplar Lawn.
MH Advisor’s Role
MH Advisors, as a 20% partner in this development, played a crucial role in its success. We identified 14 city-owned lots in Petersburg, and worked closely with city partners to guarantee compliance with residential zoning requirements. We carefully selected unique home models that meet ENERGY STAR, Fannie Mae, and Freddie Mac collateral policy standards.
In our commitment to support aspiring homeowners, we collaborated with the housing intermediary Next Step. This partnership ensures that first-time homebuyers can access housing counseling services and facilitates the availability of Fannie Mae / Freddie Mac MH Advantage/ Choice mortgage products.
Furthermore, MH Advisors takes charge of day-to-day project management, ensuring smooth execution throughout the development process.
More Information on Homes in the Heights:
NPR All Things Considered, “Meet the new generation of manufactured houses.”