News: Charlottesville looks to increase its support of affordable housing
The effort for Charlottesville to increase the ratio of government supported affordable housing recently got a boost when the City Council approved an allocation of about $1.31 million for a slew of housing-related projects.
Money from the Charlottesville Affordable Housing Fund will go toward repair and rehabilitation of old properties and offer financial assistance to help build new homes in neighborhoods of various socio-economic levels throughout the city.
Prior to the council’s approval of funds to the Albemarle Housing Improvement Program and a new Habitat for Humanity program, an investment of $1.56 million in the city budget for fiscal year 2016 bolstered the Charlottesville Affordable Housing Fund to nearly $2.5 million, said Kathy McHugh, city housing development specialist.
Read more. (The Daily Progress)