Financing now set for veterans' complex

This is some great news for St. Thomas:

ST. THOMAS - Development of a veterans facility and medical center at the old Virgin Isle Hotel has taken a big step forward with V.I. Community Housing securing $10 million in financing from JP Morgan.

The project will provide 163 affordable housing units with two or three bedrooms each and a 50-bed medical facility. V.I. Community Housing was formed by Veterans Resource Development, a nonprofit corporation entrusted by the Legislature in 2001 to head the estimated $35 million project in Upper John Dunkoe.

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