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, the Albemarle Housing Improvement Program through Treesdale, LP, is applying for Federal Housing Tax Credits to develop 90 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 21 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 the commitment of up to 21 project-based vouchers for rental housing located on East Rio Road and known as Treesdale Park to provide rental assistance for households with incomes at or below 40% AMI contingent upon U. S. Department of Housing and Urban Development (HUD) approval of the County’s Housing Choice Voucher Annual Plan to allow up to 20% of allocated vouchers to be used for project-based assistance and contingent upon HUD providing sufficient funding to meet this commitment.
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