Blackwood Development Company is proposing new construction of a 227-unit elevator-serviced market-rate multifamily community consisting of one- and two-bedroom floorplans in the Short Pump area. The project will be located at 4545 Pouncey Tract Road in Henrico County, Glen Allen, Virginia. The developer is proposing to utilize the HUSD221(d)4 program for both construction and permanent financing. The project is a joint venture between Litt Thompson of Littleton Properties (LP) and principals of Blackwood Development Company (BDC). In addition to the 227 units (Phase 1), the development will feature 20,000 SQFT of commercial space. The $55,000,000 will begin construction in the Fall of 2022 with a completion date of Fall 2024.