Objectives: To provide funds for the construction of affordable housing units.

Status: This affordable housing project anticipates the new construction of approximately 66 rental units and 20 homeownership units. Planning is underway and the owner/developer is anticipating Low Income Housing Tax Credit (LIHTC) application submittal in early 2023.

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 2. Diverse Housing Throughout the City

Support a wide range of rental and homeownership housing choices that are

integrated and balanced across the city, and that meet multiple City goals including

community sustainability, walkability, bike-ability, ADA accessibility, public transit use,

increased support for families with children and low-income households, access to food, access to local jobs, thriving local businesses, and decreased vehicle use.

Goal 7. Subsidy Programs

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

changes to increase the impact of public spending.

Goal 8. Collaboration

Coordinate local and regional housing goals.

Operating impacts are anticipated to be minimal as the property for this project is not owned or managed by the City of Charlottesville.