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CRHA details acquisition and rehabilitation plan for NOAH housing portfolio
Summary
Charlottesville Redevelopment and Housing Authority updated council on the city-owned naturally occurring affordable housing (NOAH) portfolio, finances, and plans to submit a 4% low-income housing tax credit/bond application to renovate the Dogwood portfolio.
John Sales, executive director of the Charlottesville Redevelopment and Housing Authority (CRHA), briefed council on the city’s jointly owned NOAH (naturally occurring affordable housing) portfolio, acquisition history, tenant income profiles and planned renovations.
Sales said the portfolio includes scattered-site properties acquired to preserve existing affordability, noting addresses such as 1016–1020 Coleman Street, 18 Montross and the Dogwood…
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