Charlottesville seeking applicants for housing funds
Charlottesville City Council adopted an affordable housing plan in March 2021 that calls for $10 million a year in investment in programs and initiatives to expand the amount of units that are guaranteed to be rented or sold to people with incomes below sixty percent of the area median income.
On Tuesday, the city announced it is seeking proposals from groups for city funding to help subsidize the cost of major projects.
“This application process is open to those multi-family affordable housing development projects, proposed to be located within City limits, that may be requesting significant investment consideration for which developers may be desiring to ask the City to assist with gap funding,” reads the press release for the announcement.
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