Albemarle Supervisors hold lengthy work session on proposed affordable housing ordinance
The Albemarle Board of Supervisors updated the county’s housing policy in July 2021 when they adopted the Housing Albemarle plan but have so far not passed an ordinance to impose requirements on developers to set aside a percentage of units as affordable. They didn’t get any closer to doing so at a work session held on April 19 and will have another one soon in the near future.
Last Wednesday’s work session was the latest in a series of discussions intended to create a system of financial incentives for developers to designate units as affordable. The most recent one was in February. (Albemarle Supervisors briefed on grant program to incentivize creation of below-market units, February 15, 2023)
This time around, Housing Policy Manager Stacy Pethia wanted feedback from Supervisors.
“We would really like to get feedback on the proposed cash-in-lieu payments [and] if those amounts are set at an appropriate level,” Pethia said. “Board feedback on a proposed right of nonprofits to purchase affordable dwelling units.”Read more