Performance Agreement Planned for Friendship Court Redevelopment
City of CharlottesvilleCity · Charlottesville, VA- Disclosed value
- 70% of incremental real property tax revenues attributable to the project, subject to annual appropriations; project investment approximately $45,000,000
- From agendapacket
- Document date
- Nov 3, 2026
The 30-second brief
The Charlottesville Economic Development Authority plans to authorize a performance agreement with Piedmont Housing Alliance for the Friendship Court Phase Three redevelopment. The agreement would provide 70% of incremental real property tax revenues for up to 30 years, subject to annual appropriations, construction completion and affordable-housing requirements.
Piedmont Housing Alliance holds this contract with City of Charlottesville. Its other public contracts on record include work for Charlottesville-Albemarle MPO.
Term as filed: 30 years from the Funding Commencement Date or Completion Date, as applicable.
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Contract details
- Amount
- 70% of incremental real property tax revenues attributable to the project, subject to annual appropriations; project investment approximately $45,000,000
- Document date
- November 3, 2026
- Term
- 30 years from the Funding Commencement Date or Completion Date, as applicable
- Agency
- City of Charlottesville
- Source document
- Charlottesville Economic Development Authority Agenda Packet 2026-11-10 (AgendaPacket)
Piedmont Housing Alliance's other public contracts
More City of Charlottesville contracts
Questions about this contract
Who was awarded the government contract by City of Charlottesville?
Piedmont Housing Alliance was awarded this government contract by City of Charlottesville, as recorded on November 3, 2026. The contract value is 70% of incremental real property tax revenues attributable to the project, subject to annual appropriations; project investment approximately $45,000,000.
How much is the Piedmont Housing Alliance contract with City of Charlottesville worth?
The Piedmont Housing Alliance contract with City of Charlottesville is valued at 70% of incremental real property tax revenues attributable to the project, subject to annual appropriations; project investment approximately $45,000,000.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Charlottesville Economic Development Authority Agenda Packet 2026-11-10 (AgendaPacket), dated November 3, 2026 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Piedmont Housing Alliance hold?
Piedmont Housing Alliance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Charlottesville currently buying?
Explore City of Charlottesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.