CITYSCAPE // The Belt Atlantic is one of several large, affordable housing community to be sold recently. In October, a Baltimore firm paid $42.5 million to purchase the problem-plagued 496-unit Essex Village complex in Henrico County. That firm has promised to upgrade that Section 8 community, which Henrico County labeled its “worst” apartment community.
Section 8 community means that the federal government provides subsidies to the owners to maintain the apartment units for people with limited incomes and to keep rents down.
