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Crescent Park is one of the largest solar-powered affordable housing communities in the country, set across 25 acres in Richmond. Built in 1968 and acquired by EAH Housing in 1994 to prevent its loss to market-rate conversion, the 378-apartment property underwent a $70 million renovation completed in 2009 that modernized all 24 residential buildings without raising rents. A 908-kilowatt rooftop solar system now provides most of the electricity on site, alongside an award-winning Multicultural Family Resource Center offering computer learning, job preparation, and after-school tutoring for roughly 1,800 residents.
Property management transitioned to Trillium in September 2026.
Community Features
- Multi-Cultural Family Resource Center
- A large community room
- Computer learning center
Renovation
Developer
Development Architect(s)
- Okamoto Saijo Architecture
Development General Contractor(s)
Year
Financing Participants
- TRI Capital Corp.
- Arkansas Development Company.
- LIHF Predevelopment Loan
- 4% LIHTC
Acquisition
Developer
Development Architect(s)
Development General Contractor(s)
Year
Property management transitioned to Trillium in September 2026.