The city’s long vacant nursing home is on track to become 86 apartments.

After two years of effort, Virginia Supportive Housing reports that it finally has been able to put together the financing to move ahead with the transformation of 1900 Cool Lane, according to Allison Bogdanovic, VSH executive director.

Ms. Bogdanovic told members of Richmond City Council’s Land Use, Housing and Transportation Committee that VSH expects to hold a groundbreaking this summer to launch the conversion of the former Seven Hills Health Care Center into the Cool Lane Apartments.

The development is to include 80 units for homeless and low-income individuals, with six units designated for disabled individuals needing a higher level of service, she said.

VSH also plans to work with community partners to provide services, including Faith Community Baptist Church, which sits across Cool Lane from the vacant building.

The land is in Henrico County, and both City Council and the Henrico County Board of Supervisors authorized the conversion of the building in 2019. Ms. Bogdanovic noted that it takes time to put together the resources in terms of tax credits, grants and loans.

VSH is projected to invest around $25 million to renovate the building.