The City of Charlottesville is pleased to announce the opening of the FY2025-2026 application period for the Charlottesville Affordable Housing Fund (CAHF) Grant Program.
Donor Name: City of Charlottesville
State: Virginia
City: Charlottesville
Type of Grant: Grant
Deadline: 11/22/2024
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
The CAHF provides financial support for projects that promote the development, preservation, and creation of affordable housing, supporting the City’s goals of increasing housing stability and affordability for low- and moderate-income residents.
- Focus on Affordability: The funding is aimed at supporting the creation, preservation, and development of long-term affordable housing solutions.
- Area Media Income Targeting: The program primarily serves households with incomes at or below 60% of the Area Median Income (AMI), with priority given to very low-income households, particularly those earning 30% or lower of the AMI.
- Prioritization of Deep Affordability: Special consideration is given to projects targeting the most vulnerable populations, including extremely low-income (i.e., 30% or lower of the AMI) or deeply affordable units.
- Broader Affordability: While projects serving households above 60% of the AMI may be considered, the emphasis remains on addressing the needs of very low- and extremely low-income residents to ensure maximum housing stability..
Program Objectives
- Extend the life of the housing unit, thus insuring continued viability of the structure to provide basic shelter.
- Protect residents from fire and other health and safety hazards.
- Ensure mechanical, plumbing and electrical systems are working properly
- Lower housing expenses by providing energy efficiency improvements, where feasible.
- Provide an improved living environment for residents of the housing unit.
Eligible Uses for CAHF Grants
CAHF funds may be used for:
- New construction and preservation of affordable housing units.
- Rehabilitation projects to maintain affordable housing.
- Pre-development expenses (e.g., architectural plans, studies, zoning approvals).
- Projects that improve housing accessibility and energy efficiency.
Eligibility Criteria
- Nonprofit and for-profit developers engaged in projects that align with the City’s housing policies, such as new construction, land acquisition, rehabilitation, and preservation of affordable housing units, are encouraged to apply.
- NOTE: This is not a direct-grant subsidy for individuals or households, and therefore, individuals and households are not eligible to apply directly. However, individuals and households may benefit from programs and services (such as down payment assistance or affordable rental units) provided by grant recipients. Interested individuals should apply for such assistance through those organizations receiving CAHF funding.
For more information, visit City of Charlottesville.
