Fairstead Secures Financing for RAD Renovation

Key financing has been secured for the rehabilitation of a 65-unit public housing community in Chesapeake, Virginia.

Fairstead announced the closing of a nearly $10 million investment—$150,000 per unit—in the Peaceful Village Apartments. The national real estate company is partnering with the Chesapeake Redevelopment and Housing Authority (CRHA) on the deal.

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