Since 2007, Charlottesville has had an affordable housing fund to help create and preserve affordable housing units. Today they’ve begun the process of soliciting proposals for how to use $750,000 from the current fiscal year’s capital budget. The notice for funding availability (NOFA) refers to the affordable housing plan adopted by Council last March.
“This Plan recommends that the City make a strong and recurring financial commitment to address housing needs in Charlottesville in order to increase the number of subsidized affordable homes by 1,100 homes, preserve existing 600 existing subdidized affordable homes, and stabilize 1,800 to 2,000 owner and renter households facing housing instability,” reads the application.
The application comes at a time when the firm HR&A continues to work on an audit of how the housing fund has been used. They gave a preliminary report to Council on December 20 that states the city has not tracked how the $38 million in local funds have been used to date.
The current capital improvement program budget for this year includes $1.5 million for CHRA redevelopment, $900,000 for the supplemental rental assistance program, and over $3 million for the redevelopment of Friendship Court. The budget actually shows a line item of $925,000 for the housing fund this year. Questions are out but the answers will come in a future edition of Charlottesville Community Engagement.
See also: Council briefed on affordable housing funds, December 31, 2021
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