In March 2021, Charlottesville City Council adopted a plan that made a moral commitment to invest $100 million in affordable housing initiatives through the end of 2032. The elected body got a progress report at a September 8 work session.
“In that time, the city has invested approximately $65.8 million, which is about 66 percent of the full 10-year goal,” said Madeline Metzler, senior housing planner in Charlottesville’s Department of Neighborhood Development Services.
The goal of the Affordable Housing Plan is for 75 percent of funds to go directly into housing investments, 20 percent to go to tax relief and programs intended to stabilize, and the rest to increase administrative capacity to keep track of it all and assist with complex financing…