Charleston, known as the Appalachian Mountains' cultural, recreational, and business capital, is located in central West Virginia. The state's capital city has a large renter population, accounting for nearly half of all households. The demand for affordable housing is high in Charleston and surrounding areas and will continue to increase as the population does. It is crucial to not only develop new affordable housing throughout the state but to preserve existing rental communities as well.
Vickers Parke II is an affordable housing community built in 1980 that underwent extensive renovations for the property's rehabilitation. Comprised of forty units spread across three residential buildings and one community office, Vickers Parke II offers a diverse range of living spaces tailored to households earning 60% or less of the Area Median Income (AMI). The property has maintained over 90% occupancy, demonstrating the importance of preserving affordable housing options like this one.
Adaptive Reuse: 40 Units
Private Equity Investment: $2,290,524
During Construction:
Local Jobs Supported: 16
Projected Government Revenue: $81,633
Developed by Harbinger Development and managed by Encore Management, Inc., Vickers Parke II has helped redefine affordable family living in Charleston and beyond. To preserve the property, upgrades were made throughout the community including new appliances in all units, enhanced landscaping, and an updated playground. Residents of Vickers Parke II have access to on-site management and a laundry facility; both within the community building, which was also upgraded.
Site Manager, Christi Clendenin, stated, "Vickers Parke II Apartments is more than just a place to live—it's a cornerstone of our community, offering a safe and welcoming home to families and individuals who might otherwise struggle to find affordable housing. Nestled close to town, Vickers Parke II ensures that its residents can easily access schools, jobs, and local amenities, helping them to stay connected and supported within the community. This complex is a testament to our shared values of compassion and equity, providing shelter and a safe place where people can build better lives and feel a true sense of belonging. In a world where affordable housing is increasingly hard to find, Vickers Parke II Apartments is a beacon of hope, ensuring that everyone can be a part of our vibrant community."