New Beginnings in St. Croix: D. Hamilton Jackson Terrace’s Impact in Affordable Housing

It is with immense joy and pride that we announce the groundbreaking of the D. Hamilton Jackson Terrace, a transformative affordable housing development in the heart of St. Croix, USVI. This momentous project, which will include 106 beautifully designed homes spread across 14 buildings, is more than just a development: it’s a step forward for the community and a testament to the power of collaboration.

With a total investment of $121.6 million, the D. Hamilton Jackson Terrace is set to change the landscape of affordable housing in the Virgin Islands. Developed in carefully planned phases, this project is not only about building homes; it’s about building futures, offering a place of stability, comfort, and pride to the residents of St. Croix.

A Community Effort: Working Hand-in-Hand

This remarkable development wouldn’t have been possible without the dedication and teamwork of so many remarkable people and organizations. The D. Hamilton Jackson Terrace is the result of a heartwarming collaboration between the Virgin Islands Housing Authority (VIHA), local developers, federal housing partners, construction contractors, and private investors—each contributing their expertise, resources, and unwavering commitment to making this dream a reality.

Every brick, every beam, and every detail of this project represents countless hours of hard work and vision. Together, these partners are creating not just homes but an enduring legacy for the people of St. Croix. From the financial backing to the community planning, it’s a true example of how collaboration can create something extraordinary.

The Path to Success: An Innovative Financial Model

The D. Hamilton Jackson Terrace marks a pioneering moment as it is the first project on the island to combine 4% and 9% tax credits with tax-exempt bond financing. This bold approach is setting a new standard for affordable housing financing, demonstrating how thoughtful, sustainable models can pave the way for future developments.

By leveraging the Rental Assistance Demonstration (RAD) program, this project ensures that affordable housing in the Virgin Islands will remain a lasting resource for generations to come. CSG Advisors, the Virgin Islands Housing Authority’s trusted municipal advisor, played a pivotal role in securing the necessary financing and guiding the project through the complex processes of bond issuance and RAD negotiations.

Construction of the D. Hamilton Jackson Terrace will unfold in multiple phases, each one carefully designed to allow minimal disruption to current residents. Temporary housing has already been arranged, ensuring that those affected will be comfortable as the new community takes shape.

This development will include vital infrastructure improvements, including paved roads, grading, drainage systems, and ADA-accessible pathways. These upgrades will not only enhance the livability of the area but also ensure the development meets quality standards of sustainability and accessibility for all.

A Future of Possibilities: Transforming Affordable Housing in the Virgin Islands

The D. Hamilton Jackson Terrace is a vital part of the Virgin Islands Housing Authority’s long-term vision to provide safe, affordable, and dignified homes to every resident in the Territory. This project is about more than just meeting immediate housing needs; it’s about revitalizing the community, investing in its future, and ensuring that the people of St. Croix have a place to call home for years to come.

As this project progresses, it will serve as a shining example of how public, private, and nonprofit sectors can come together to create community. With 106 new homes, the D. Hamilton Jackson Terrace offers a community where families can thrive, children can grow, and neighbors can connect.

CSG is honored to have played a part in bringing this project to life, supporting the ongoing development of affordable housing in the Virgin Islands. We invite you to join us in celebrating and highlighting this exciting journey, as we continue to work toward creating impactful, sustainable communities for the future.