Number of supported affordable housing units created per year

Goal 1: An Inclusive Community of Self-sufficient Residents
Number of supported affordable housing units created per year
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Chart type: column chart.
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The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying # Housing Units.

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ChartCreated with Highcharts 5.0.12Chart context menuFY 2014FY 2015FY 2016FY 2017FY 2018
Description

In February 2010, City Council adopted a goal to grow the City’s supported affordable housing stock to 15% of the total housing stock. These units include newly built units, preserved units that have received financial assistance and therefore converted to supported affordable, and current affordable units whose affordability can be sustained into the future. The number of units being reported have been completed through the CAHF (Charlottesville Affordable Housing Fund - city funds), CDBG (Community Development Block Grant - federal funds) HOME Investment Partnership - federal funds) and/or other programs that operate independently of the City such as U.S. Department of Housing and Urban Development (HUD) loans and the Low Income Housing Tax Credit program as administered by VHDA. Units will be reported upon completion.

Analysis

A total of 46 Supported Affordable Units (SAUs) were added to the City's housing stock in FY2018.  This brings the total number of SAUs in the City to 1,981 units (after accounting for expiring affordability periods or repaid loans), representing 10% of the City's housing stock.