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Charlottesville Office of Communications
Brian Wheeler, Director of Communications
434-970-3129
wheelerb@charlottesville.org

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Charlottesville Affordable Housing Fund Notice of Fund Availability

Post Date:06/21/2019 4:19 PM
City Seal
Media Contact
Brian Wheeler
Director of Communications
434-970-3129
FOR IMMEDIATE RELEASE
June 21, 2019

Charlottesville Affordable Housing Fund Notice of Fund Availability

Applications are due no later than 4 p.m., Thursday, July 18, 2019

CHARLOTTESVILLE, VA - The Charlottesville Affordable Housing Fund (CAHF) was established by the City of Charlottesville to provide a flexible funding mechanism for housing-related projects. The City of Charlottesville is accepting applications from qualified applicants for Fiscal Year 2020 CAHF funding awards. Approximately $792,000 of CAHF funding is available for award during this application period. Applications are due no later than 4 p.m., Thursday, July 18, 2019.

The primary purpose of the CAHF is to provide financial resources to address the affordable housing needs of individuals and families who live or work in the City by promoting, preserving and producing quality, long-term affordable housing options; providing housing related services to low-income and moderate-income households; and providing support for non-profit and for profit organizations that actively address the affordable housing needs of low- and moderate-income households.

The Charlottesville City Council has committed more than $20 million towards affordable housing in the City since the CAHF was established in 2007. Approximately $792,000 of CAHF funds are available through this current NOFA.

Each annual appropriation to the CAHF will be provided as grants to nonprofit housing developers and/or providers, or for profit developers with nonprofit partners. Eligible uses of CAHF funds include, but are not limited to: Land acquisition and assembly; Land development; Predevelopment expenses; Construction of supported affordable homeowner or rental housing units; Construction of mixed-income communities; Increasing housing accessibility and/or visitability; or Homeowner or rental property rehabilitation. Funding will be awarded through an application process.

Program and application materials may be obtained at Neighborhood Development Services, City Hall, 610 E Market St, Charlottesville, VA 22902 beginning June 10, 2019, or on the City’s Neighborhood Development Services website at the Housing & Grants page (http://www.charlottesville.org/departments-and-services/departments-h-z/neighborhood-development-services/housing-grants/charlottesville-affordable-housing-fund ).

Questions regarding this fund should be directed to Alex Ikefuna at 434-970-3127 or via email at ikefuna@charlottesville.org

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