Albemarle Supervisors briefed on grant program to incentivize creation of below-market units
The Albemarle Board of Supervisors adopted a plan called Housing Albemarle in July 2021 that is intended to increase the number of housing units in the county. That came with a goal of requiring a minimum of 20 percent of new units to qualify as “affordable.” That’s up from 15 percent in the current policy which applies to units that need rezonings or special use permits.
“At that time, the Board delayed full implementation of the policy until a package of the developer incentives could be identified and approved that would support developer efforts to meet the new goals of that policy,” said Stacy Pethia, the county’s housing policy manager.
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