In 2010, Martinsville Novelty was rehabilitated to feature 60 affordable housing apartment units. The complex features a Quonset Hut that converted to apartment units.
Layered financing included:
- Federal Historic Tax Credit
- VA State Historic Tax Credit
- City in-kind
National award winner: National Housing & Rehabilitation Association’s 2012 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation — Most Innovative Adaptive Reuse
State award winner: 2012 Virginia Earthcraft Sustainable Leadership Awards — Multi-family Renovation