(RECAP: In the last six years, 1,530 new housing units have been made in the city, but only 73 of these—fewer than 5 percent—are priced to be affordable. The city has set a goal to have 15 percent of its housing be affordable by 2025. Overall, the percentage of affordable units has declined from 10.5 percent six years ago to 10.06 percent. In large part that’s because so many new high-priced units have entered the market. More than half of these are coming from three apartment buildings on West Main Street. Between The Flats at West Village, The Uncommon and The Standard, which is currently under construction, a total of 861 units will have been made. None of them has been priced as affordable for lower-income families. Ever since the Charlottesville Affordable Housing Fund’s creation in 2007, every developer required by the ordinance to contribute to affordable housing has paid into the fund instead of providing affordable units.)
Powered by WPeMatico