FINANCIAL_SERVICESAMENDED

City Amends Vista 29 SupportWorks Loan Terms

Charlottesville will amend its $750,000 forgivable loan agreement with SupportWorks Housing for the 80-unit Vista 29 supportive housing project, updating the project and owner names, revising affordability covenants to 30 years, and adjusting income limits. The loan retains a 3% interest rate over roughly 40 years to support housing for homeless and very low-income households in Albemarle County.

Document date · February 2, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $750,000 forgivable loan at 3.00% interest
Contract type
FINANCIAL_SERVICES
Contract term
Approximately 40 years; affordability covenants for 30 years
Renewal
Existing loan term of approximately 40 years remains; affordability covenant shortened to 30 years. Future amendments would require further Council action.
Document type
Agenda
Source document
City of Charlottesville Council Meeting Agenda February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Charlottesville?

Supportworks Housing was awarded this financial services contract by City of Charlottesville, as recorded on February 2, 2026. The contract value is Up to $750,000 forgivable loan at 3.00% interest.

How much is the Supportworks Housing contract with City of Charlottesville worth?

The Supportworks Housing contract with City of Charlottesville is valued at Up to $750,000 forgivable loan at 3.00% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Charlottesville Council Meeting Agenda February 2026 (Agenda), dated February 2, 2026 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Supportworks Housing hold?

Supportworks Housing may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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