RAD program rehabilitation in the U.S. Virgin Islands focused on environmental preservation and resident wellbeing.
D. Hamilton Jackson Terrace
106
14 residential, 1 community center/management office
MDG is the Developer
In Progress
The devastating impacts of Hurricanes Irma and Maria in 2017 highlighted the urgent need for modernization and storm resilience at the site.
With support from the U.S. Department of Housing and Urban Development’s (HUD) Rental Assistance Demonstration (RAD) program, this project will bring significant structural, environmental, and aesthetic improvements to the site, ensuring its longevity and functionality in the face of future climate challenges.
The comprehensive upgrades will include storm hardening measures, sustainability and energy efficiency, infrastructure and safety enhancements, and community-centered improvements.
Originally built in 1954, D. Hamilton Jackson Terrace has long been a cornerstone of the Christiansted community. The project will be completed as part of the Virgin Islands Housing Authority (VIHA)’s long-term plan to rebuild, renovate, and strengthen its affordable housing portfolio throughout the U.S. Virgin Islands.
Reconstruction is being undertaken in two separate concurrent financing transactions, both of which utilize HUD’s RAD program, transitioning from public housing to funding through project-based housing assistance payment agreements: (i) the Territory’s first tax exempt bond/4% Low Income Housing Tax Credit (LIHTC) transaction and (ii) a 9% LIHTC transaction. The rehabilitation is also utilizing HUD’s Community Development Block Grant-Disaster Recovery (CDBG-DR) program, and the Federal Emergency Management Agency (FEMA) Public Assistance Program.
The Bright Path initiative, a resident wellness and empowerment program developed by VIHA, will provide essential services such as job training, health and wellness programs, and long-term housing stability initiatives, further reinforcing the administration’s commitment to holistic community development.
Virgin Islands Housing Authority (VIHA)
J. Benton Construction, LLC
SLM Architecture, P.C.
Cost Control Company, Inc.
U.S. Department of Housing and Urban Development (HUD)
Federal Emergency Management Agency (FEMA)
Virgin Islands Territorial Emergency Management Agency (VITEMA)
Virgin Islands Office of Disaster Recovery (ODR)
Virgin Islands Housing Finance Authority (VIHFA)
Goldman Sachs Asset Management
Citi Community Capital