$4 million in affordable housing projects approved by county supes

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 […]

Albemarle supervisors okay rezoning for up to 600 units near I-64/U.S. 29 interchange

After more than two decades of preparation, Riverbend Development has secured several dozen acres of land in Albemarle’s southern growth area for a mixed-use community.  “Land assemblage by our company began over 20 years ago and we’ve been in the active rezoning process for four years,” said Riverbend Vice President Ashley Davies. “Directing housing into […]

Expansion of residential at North Pointe clears Albemarle Planning Commission

The Albemarle Planning Commission has recommended approval of a request from Great Eastern Management Company to allow more townhomes at its North Pointe development near the Charlottesville Albemarle Airport.  The Board of Supervisors originally rezoned the 269-acre property in 2006 to allow up to 893 residential units and more than 837,000 square feet of commercial […]

UVA planning to extend Copeley Road to Barracks Road area

The University of Virginia tends to keep its plans close to the vest, but sometimes keen observers can get a glimpse of its future by poring through property sales.  On May 31, 2024, an entity connected to UVA’s real estate foundation paid the University of Virginia Credit Union $10.5 million for three properties on Arlington […]

Piedmont Housing Alliance purchases MACAA site and prepares for construction

When Sunshine Mathon took the helm as executive director of the Piedmont Housing Alliance in August 2017, the entity managed about 350 affordable units.  Since then, PHA has doubled that number through projects such as the redevelopment of Friendship Court into Kindlewood and construction of affordable rental units at the redeveloped Southwood Village.  And there’s […]