By April 22, the Albemarle Board of Supervisors will decide whether to increase the personal property tax rate by 15 cents to devote more money toward the county’s fledgling affordable housing investment fund.
Earlier this month, supervisors approved the use of just over $4 million from the fund on five projects to support a variety of initiatives intended to lower costs for residents of specific locations.
Though the fund was created in 2019, criteria had not been adopted until 2025. The window for nonprofits to apply opened in January…