AGENDA DATE: 11/2/2022
TITLE:
Tle
Funding Requests to Support Homeless Services and Affordable Housing
.BODY
SUBJECT/PROPOSAL/REQUEST: Consider funding for non-congregate shelter services and the construction of four affordable homeownership units.
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Walker, Rosenberg, DeLoria, Dimock, Pethia
PRESENTER (S): Stacy Pethia, Housing Policy Manager
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On July 7, 2021, the Board adopted CPA2020-00001 Housing Albemarle, a new housing policy for Albemarle County. Housing Albemarle contains 12 policy objectives addressing the housing needs of County residents, with a particular focus on expanding housing opportunities for low- and moderate-income households, including individuals and families experiencing homelessness.
On April 20, 2022, the Board approved the use of $1,296,520 from the Housing Fund Reserve to support the construction and preservation of 78 affordable housing units (see File No. 22-226).
With the adoption of the FY 2023 Budget on May 4, 2022, the Board approved a total of $548,870 in Agency Budget Review Team (ABRT) funding, and $2,735,680 in American Rescue Plan Act (ARPA) - State and Local Fiscal Recovery Funds (SLFRF) funding to support additional affordable housing projects and programs, which included $2.4 million in ARPA funds to support the construction of 80 units of permanent supportive housing, as well as an additional $600,000 in ARPA-SLFRF funds to support the provision of non-congregate shelter services in the Premier Circle project.
On July 20, 2022, the Board approved the use of $3,306,504 from the Housing Fund Reserve to support the construction of 121 Low Income Housing Tax Credits in the Southwood Apartments project, as well as providing up to two years of rental assistance for 40 Southwood households needing temporary relocation to accommodate construction activities in the Southwood Redevelopment...
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