Developer Proffers $4M for Housing and Infrastructure
Virginia villageCity · NE- Disclosed value
- $1,138,500 contribution to Affordable Housing Development Fund plus $3 million in public infrastructure investment (onsite stormwater management improvements) for a total public benefit cost of $4,138,500
- From report
- Document date
- Dec 12, 2024
The 30-second brief
LV Collective has offered a proffer to the Town of Blacksburg for its 801 N. Main St. residential project, totaling approximately $4.1 million. This includes a $1,138,500 contribution to the Affordable Housing Development Fund and $3 million towards stormwater management infrastructure. Both items reflect value gap calculations modeled on Charlottesville's approach.
Lv Collective holds this contract with Virginia village. Its other public contracts on record include work for City of Charlottesville and City of West Lafayette.
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Contract details
- Amount
- $1,138,500 contribution to Affordable Housing Development Fund plus $3 million in public infrastructure investment (onsite stormwater management improvements) for a total public benefit cost of $4,138,500
- Document date
- December 12, 2024
- Vendor
- Lv Collective
- Agency
- Virginia village
- Source document
- virginia-village-report-2024-12-12_76f.pdf (Report)
Lv Collective's other public contracts
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Questions about this contract
Who was awarded the government contract by Virginia village?
Lv Collective was awarded this government contract by Virginia village, as recorded on December 12, 2024. The contract value is $1,138,500 contribution to Affordable Housing Development Fund plus $3 million in public infrastructure investment (onsite stormwater management improvements) for a total public benefit cost of $4,138,500.
How much is the Lv Collective contract with Virginia village worth?
The Lv Collective contract with Virginia village is valued at $1,138,500 contribution to Affordable Housing Development Fund plus $3 million in public infrastructure investment (onsite stormwater management improvements) for a total public benefit cost of $4,138,500.
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-village-report-2024-12-12_76f.pdf (Report), dated December 12, 2024 from Virginia village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Lv Collective hold?
Lv Collective 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 village currently buying?
Explore Virginia village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.