Charlottesville City Council discusses reform for affordable housing fund
The Affordable Housing Plan adopted by Charlottesville City Council in March 2021 established a moral commitment for the city to spend $10 million each year on affordable housing projects and administration. But how have previous funds for that purpose been spent since 2010?
“In summary, you’ve administered $46.7 million in funding [and] this is broken down into operating, program, development, and city administration,” said Callahan Seltzer, a principal with HR&A Advisors. “And when we see development here, we’re talking about new construction and rehab, so specific hard costs related to construction and rehab of affordable housing.”
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