Despite being lovingly looked after for decades by the same family, 930 Stewart Avenue had sat vacant for many years and was in need of updated systems and modern living amenities to bring it up to today's living standards. Located in the Belmont Historic District, Restoration Housing envisioned maintaining this circa 1903 Folk Victorian home's single-family layout but as an affordable rental opportunity.
Before & After
Use the slider below the image to see the before and after.
Acquisition & Rehabilitation Budget
Restoration Housing invested more than $395,000 into 930 Stewart Avenue, thanks in large part to a public and private partnership. Funding from the City of Roanoke, Carter Bank and Trust, the Roanoke Valley – Alleghany Regional Commission and Historic Tax Credit syndication account for a large portion of construction funding along with other local foundations and donor support. These funding sources subsidized all of the construction costs, allowing Restoration Housing to keep rents affordable for a low-income family.
$113,000 from the City of Roanoke Community Development Block Grant Program
$126,676 from Historic Tax Credits
$10,000 from Sam and Marion Golden Helping Hand Foundation
$5,000 from Fundraising by Restoration Housing
$25,000 from Roanoke Valley-Alleghany Regional Commission’s Housing Development Program
$65,901.93 from TAP’s Land Bank
$50,000 from Carter Bank & Trust
Staff Testimonial
"To our new residents, thank you to your amazing family for filling this house with life and putting it to good use immediately."
Isabel Thornton
Executive Director, Restoration Housing
House History
This 1903 Folk Victorian home was originally owned by a young widow named Annie Lovell who raised her two sons in the house and lived there for almost 60 years.
Outcomes
Completed in Spring 2024, this 1,800 square foot structure was affordably rented to a low-income* family. The unit features a new kitchen and bathrooms with custom cabinetry, granite countertops, and energy-efficient appliances; in-unit laundry; a reconstructed front porch; and generous yard space.