When an investment firm purchased the former Cavalier Crossing apartment complex on Fifth Street Extended last year, affordable housing advocates were horrified that the intent was to convert the 144 existing units to market rate. Now Bonaventure has filed plans with Albemarle to rezone the property to allow construction of 165 new units and comply […]
When an investment firm purchased the former Cavalier Crossing apartment complex on Fifth Street Extended last year, affordable housing advocates were horrified that the intent was to convert the 144 existing units to market rate. Now Bonaventure has filed plans with Albemarle to rezone the property to allow construction of 165 new units and comply […]
When City Council adopted a new zoning code in late 2023, the action granted property owners the ability to build many more houses and apartments than under the old rules. Charlottesville’s housing program manager said that has made property more valuable. “We have occurrences of rising land costs [and] speculative development that may happen within […]
More than 1,100 organizers with Interfaith Movement Promoting Action by Congregations Together turned out to its annual Nehemiah Action on April 8. This year’s gathering focused on housing and transportation in Charlottesville and Albemarle County. Affordable housing is a longtime priority for IMPACT, with efforts dating back to 2016, according to the organization’s website. The […]
Virginia Housing, a state agency, has published a list of applications from developers seeking tax credits to cover the cost of building apartments guaranteed to be rented to people with lower incomes than the area median. The Internal Revenue Service allots a limited number of federal Low-Income Housing Tax Credits for each state, and Virginia […]
One of the toughest issues facing the greater Charlottesville region is the ever-increasing cost of housing, a barrier to financial stability for many. The problem has been getting worse over the past few years due to rising property assessments, increasing income disparity, and a shortage of housing. According to the U.S. Department of Housing and […]
The developers of a proposed six-story building at the corner of Wertland and 10th streets returned to the Charlottesville Board of Architectural Review in December to get additional feedback. “A development team consisting of Preservation of Affordable Housing, National Housing Trust, and Wickliffe Development Consulting was chosen by the UVA Foundation to be the developer […]
Charlottesville City Council had a jam-packed meeting on August 5, covering everything from affordable housing efforts to potential salary increases for councilors. Earlier this year, the Virginia General Assembly passed legislation, introduced by Charlottesville-area Del. Katrina Callsen, which allows city councils to increase compensation for their members. Currently, Charlottesville city councilors receive a salary of […]
When Southern Development Homes won a rezoning in Charlottesville to allow for the construction of 170 dwelling units on Stribling Avenue, the idea was that all of the required affordable units would be built on the 11-acre site in Fry’s Spring. As part of the rezoning in late April 2022, Southern Development agreed to designate […]
From redlining to racial covenants, Charlottesville’s long history of racism and segregation has created the affordable housing crisis the city now faces. Over the years, the city’s largest employer, the University of Virginia, has contributed to the problem. As UVA continues to grow and expand, more and more students have signed leases at apartments and […]
In a year where many of us followed guidelines to stay at home, the skies of downtown Charlottesville were marked by cranes building new spaces for the 21st century. In their shadow, projects to provide more affordable units moved through the bureaucratic process required to keep them below-market. Before the clock strikes 2021, let’s look […]