It’s a big week for money in Charlottesville, with City Council appropriating more than $1 million, and the school district’s draft budget totaling almost $130 million.
At its February 2 meeting, City Council focused on funds in the current budget rather than FY27, making two major appropriations to Piedmont Housing Alliance initiatives.
The largest allocation, $700,000, helps PHA close a $1.7 million funding gap for the development of 501 Cherry Ave. The city has previously provided funding for the mixed-use, affordable project. In order to start construction this spring, and meet its 2027 completion goal, PHA needs to close the funding gap by April.
The second appropriation, $390,000, will support a rental arrears pilot program. Per the city’s policy briefing, PHA and the Charlottesville Redevelopment and Housing Authority are both experiencing financial strain amid increased rent delinquency at their properties. The funds allocated will help partially cover the delinquencies, and fund a dedicated financial literacy counselor.
Looking ahead, city schools Superintendent Royal Gurley will present the proposed FY27 budget to the school board on February 5. The district’s draft budget, as detailed in the meeting agenda, comes in at $129,635,641—$4.3 million more than last year.
