The Board of Commissioners for the Charlottesville Redevelopment and Housing Authority has taken the first step toward issuing up to $23 million in bonds for a California-based company to renovate Midway Manor in a way that will keep existing affordability requirements in place.
“This is a 98-unit elderly affordable housing development on Ridge Street very close to the Greyhound station and the proposal is to issue some bonds to assist with the financing of a comprehensive renovation of this project,” said Delphine Carnes, the legal counsel for the CRHA.
A new report from the Intergovernmental Panel on Climate Change warns that rising global temperatures are causing disruptions for nature and humanity across the planet. A working group of scientists from 195 nations gathered for two weeks to review and approve Climate Change 2022: Impacts, Adaptation, and Vulnerability.
“The world faces unavoidable multiple climate hazards over the next two decades with global warming of 1.5°C (2.7°F),” reads a press release for the report. “Even temporarily exceeding this warming level will result in additional severe impacts, some of which will be irreversible. Risks for society will increase, including to infrastructure and low-lying coastal settlements.”
The report urges continued work to reduce greenhouse gas emissions and suggests ways this can be done while improving people’s lives, but also points out that growing urbanization and social inequality will hasten the problem.