RESOLUTION

 

 

WHEREAS, the County of Albemarle is committed to ensuring that safe, decent, affordable, and accessible housing is available for all residents; and

 

WHEREAS, the County of Albemarle is committed to improving the livability of all neighborhoods and access to support services by residents; and

 

WHEREAS, the County of Albemarle is committed to preserving existing and promoting the development of new affordable housing stock; and

 

WHEREAS, Treesdale, LP is applying for Federal Housing Tax Credits to develop 88 units of rental housing located on East Rio Road and known as Treesdale Park; and

 

WHEREAS, all proposed units in the development will be restricted to households with incomes at or below 60% of the area median income; and

 

WHEREAS, the Albemarle County Office of Housing proposes the use of Housing Choice Vouchers to provide project-based assistance for up to 22 of the proposed housing units with household incomes limited to those families at or below 40% of the area median income;

 

NOW, THEREFORE, BE IT RESOLVED that the County of Albemarle supports Treesdale, LPs application for tax credits and authorizes the County Executive to sign the Local CEO Support Letter.  The County of Albemarle also supports the commitment of up to 22 project-based vouchers to provide rental assistance for households with incomes at or below 40% AMI provided that the U.S. Department of Housing and Urban Development (HUD) continues to provide sufficient financing to meet the commitment.   

 

 

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