Details for Charlottesville Affordable Housing Fund Notice of Availability

Updated

Notice of Fund Availability (NOFA) Charlottesville Affordable Housing Fund Applications are due no later than 4pm, Thursday, July 18, 2019 The Charlottesville Affordable Housing Fund (CAHF) was established by the City of Charlottesville to provide a flexible funding mechanism for housing-related projects. 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 City Council allocates funding every year to capitalize the CAHF. Approximately $792,000 of CAHF funds are available for the FY 2020. 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.

610 E Market St, Charlottesville, VA 22901

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