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1.3 Increase affordable housing optionsGoal 1: An Inclusive Community of Self-sufficient Residents |
Current Strategy |
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The City of Charlottesville has affordable housing challenges. The existing housing market conditions indicate that demand is significantly higher than supply. Rents and housing prices are too high for many of the city’s households to afford. In spring of 2018, the City completed a Housing Needs Assessment. The study found that the city would need 3,318 housing units between 2017 and 2040 in order to accommodate the needs of homeless individuals and families. This amounts to annual production of 144 units per year. For homeownership units, the city would need 400 units during the same period, approximately 17 single-family homes per year. This baseline data would enable the city to make informed decision in allocating its Affordable Housing Fund and other resources to spur creation of more housing for the diverse individuals and households. The City allocates $3.5 million every year to capitalize the Affordable Housing Fund. Additional resources include proceeds from rezoning and Special Use Permit (SUP) applications, and HOME Fund from the U.S. Department of Housing and Urban Development (HUD). Leveraging of the housing fund will be a major consideration in future funding decisions.
Initiatives |
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Support redevelopment activities that will produce more affordable housing
Goal 1: An Inclusive Community of Self-sufficient Residents | 1/1/17 - 6/30/18 -
Implement the Housing Advisory Committee recommendations related to the RCLCO Housing Study
Goal 1: An Inclusive Community of Self-sufficient Residents | 4/10/17 - 6/30/18 -
Collaborate with TJACH partners to implement the Community Plan To End Homelessness
Goal 1: An Inclusive Community of Self-sufficient Residents | 6/23/14 - 6/23/14
