South Richmond Townhome Development Breaks Ground
The new 234-unit complex will offer rent-restricted townhomes for local families upon its completion in 18 months.
Updated on Oct. 27, 2026 in Apartments
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Standard Communities has broken ground on a new 234-unit for-rent townhome development in South Richmond at 250 E. German School Road. The project is specifically designed to provide housing for families earning 50% to 60% of the area median income.
Why it matters
The $90 million project addresses local rental housing needs by offering stabilized, income-restricted housing options in the South Richmond market. The development aims to complete its 35 rows of three-story townhomes within the next 18 months.
The 15-acre development is backed by $45 million in bond financing from the RRHA. Units are designated for households earning 50% to 60% of the area median income.
The players
Standard Communities
A developer specializing in affordable housing acquisition and renovation projects.
RRHA
The Richmond Redevelopment and Housing Authority, which serves as the local public agency for managing housing bonds and development resources.
Genesis Properties
A local apartment developer that recently completed the 150-unit Pinnacle at Afton complex.
The details
The project consists of 35 rows of three-story townhomes designed for rental occupancy. Financing for the construction involves a coalition including Virginia Housing, U.S. Bancorp, Citi, and Stifel. The site, purchased for $1.5 million in summer 2026, is currently transitioning from initial groundbreaking to full-scale vertical construction.
Timeline
Groundbreaking took place in October 2026 at the 250 E. German School Road site.
The project is expected to be completed within 18 months.
The Home Front
This development continues the regional trend of increasing high-density, income-restricted rental options in South Richmond. It follows the recent completion of the Pinnacle at Afton project, signaling ongoing growth in local multi-family housing infrastructure.
Families seeking income-restricted housing should monitor official RRHA updates for future application windows and eligibility requirements. Consider setting a calendar reminder to check the status of the construction in early 2027 to stay ahead of the eventual leasing cycle.
The takeaway
This $90 million project represents a significant shift toward increasing the stock of affordable rental townhomes in South Richmond. Renters should look for formal leasing announcements closer to the project's projected 18-month completion timeline.
Further reading
For more information on housing availability in the city, visit Apartments.
Source note: This article includes information reported by Richmond BizSense.
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