charlottesville supplemental rental assistance program (CSRAP)

FISCAL YEAR 2024 BUDGET

SUMMARY

Project Name: Charlottesville Supplemental Rental Assistance Program

Department: Community Solutions

Start Date: 7/01/2022

End Date Ongoing

PROJECT DESCRIPTION:

These funds continue the City’s support for the Charlottesville Supplemental Rental Assistance Program (CSRAP), which provides monthly tenant-based rental assistance for Extremely Low - Low Income households.

RELATIONSHIP TO comprehensive PLAN:

Chapter 5 : Housing


Goal 1. Funding Commitments

Establish and sustain a funding commitment to address affordable housing needs, tied to requirements to address community goals.


Goal 7. Subsidy Programs

Focus and align subsidy programs with community-defined priorities and make

changes to increase the impact of public spending.

PROJECT OBJECTIVES / STATUS:

Objectives: To provide rental assistance for low-income residents.


Status: Funding for this program was first allocated in FY18. To date $5,295,000 has been allocated by the City for this program. Currently, approximately 62 rental subsidies are covered each month through the City’s funding. This is an ongoing project.

Cost Estimate

Operating Impacts

Operating impacts to be determined in the future.