Stroubles Ridge Development
Community Housing Partners (CHP) received approval to develop Stroubles Ridge, a homebuyer subdivision off Merrimac Road, which will include a mix of 49 single-family and duplex 3 bed-2 bathroom homes. These for-sale homes will serve families earning between 60 and 100% Area Median Income. This year CHP requested and received a Boundary Line Adjustment, to bring the property into the Town of Blacksburg. The project also received a commitment of $1 million dollars of the Town's CDBG funding which will help Community Housing Partners access the additional State HOME funding and New Market Tax Credits needed to ensure the entire development is affordable. Once this subdivision is complete, it will represent the largest investment in affordable homeownership units in the New River Valley to date.