Acquisition and preservation of naturally occurring affordable…
City of CharlottesvilleVirginia- Detected
- Sep 10, 2026
- 53 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Acquisition and preservation of naturally occurring affordable housing units to maintain affordability for current residents.
The Silk Purse Acquisition involves 11 properties with 13 deeply affordable units, requiring $3 million in city investment. Ravana Terrace Apartments is a 48-unit complex with an asking price of $9.6 million, requesting $5 million from the city. The goal is to prevent the loss of affordable units to the open market.
From the meeting
- Source
- City Council Monthly Work Session, 9/09/2026
- Meeting date
- September 10, 2026
- Agency
- City of Charlottesville
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