Good news for seniors who live in Richmond's public housing. A big grant is opening the door to complete renovate the Fay Towers in North Jackson Ward.
It will be the first overhaul of the building since it was built 42 years ago.
The project will be financed through a public-private partnership that allows Richmond Redevelopment and Housing to leverage private debt and equity.
It will make it more affordable to make major improvements much quicker.
For people who live in the Fay Towers, like Dorothy Cooper, it will mean not having to worry about regular problems that seem to crop up all the time in a building more than four decades old.
"A lot of time you will hear the elevator will break, and you have to stay here, because you know I can't walk to the 11th floor, so you have to stay down here, because I can't walk that far up," said Cooper.
Cooper has lived in Fay Towers for about 20 years.
The building contains 200 public housing units. Depending on what direction they go in, the renovation could include building an entire new structure.
Construction is slated to begin in the summer of 2014.
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