ARHA Plans $57.8 Million Bonaventure Property Acquisition
Virginia Resources Authority Board of Directors | Commonwealth of VirginiaState · Richmond, VA- Disclosed value
- $57,794,000 property acquisition budget; funding sources include $52,014,600 from VPFP Series 2025B and $5,779,400 from ARHA equity
- From report
- Document date
- Jun 10, 2025
The 30-second brief
Alexandria Redevelopment and Housing Authority plans to acquire Bonaventure’s completed 133-unit residential facility for $57.794 million. The proposed purchase would convert the property into a low-to-moderate income housing community and would be funded through the VPFP Series 2025B loan and ARHA equity.
BONAVENTURE holds this contract with Virginia Resources Authority Board of Directors | Commonwealth of Virginia. Its other public contracts on record include work for Albemarle County and Ward Six Fire Protection District 1.
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Contract details
- Amount
- $57,794,000 property acquisition budget; funding sources include $52,014,600 from VPFP Series 2025B and $5,779,400 from ARHA equity
- Document date
- June 10, 2025
- Vendor
- BONAVENTURE
- Source document
- Virginia Resources Authority Report Credit Analysis Alexandria Redevelopment and Housing Authority 2025-06-10 (Report)
BONAVENTURE's other public contracts
More Virginia Resources Authority Board of Directors | Commonwealth of Virginia contracts
Questions about this contract
Who was awarded the government contract by Virginia Resources Authority Board of Directors | Commonwealth of Virginia?
BONAVENTURE was awarded this government contract by Virginia Resources Authority Board of Directors | Commonwealth of Virginia, as recorded on June 10, 2025. The contract value is $57,794,000 property acquisition budget; funding sources include $52,014,600 from VPFP Series 2025B and $5,779,400 from ARHA equity.
How much is the BONAVENTURE contract with Virginia Resources Authority Board of Directors | Commonwealth of Virginia worth?
The BONAVENTURE contract with Virginia Resources Authority Board of Directors | Commonwealth of Virginia is valued at $57,794,000 property acquisition budget; funding sources include $52,014,600 from VPFP Series 2025B and $5,779,400 from ARHA equity.
What type of contract is this?
This is a government contract, documented as a report record.
Where was this contract approved?
This contract appears in Virginia Resources Authority Report Credit Analysis Alexandria Redevelopment and Housing Authority 2025-06-10 (Report), dated June 10, 2025 from Virginia Resources Authority Board of Directors | Commonwealth of Virginia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does BONAVENTURE hold?
BONAVENTURE may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Virginia Resources Authority Board of Directors | Commonwealth of Virginia currently buying?
Explore Virginia Resources Authority Board of Directors | Commonwealth of Virginia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.