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Charlottesville approves up to $8.7 million loan for Carlton Mobile Home Park redevelopment
Summary
City council approved a funding agreement to support acquisition and redevelopment of Carlton Mobile Home Park, authorizing up to $8.7 million in a forgivable loan over 40 years to a joint venture of Piedmont Housing Alliance and Greater Charlottesville Habitat for Humanity to build at least 180 units with minimum deep‑affordability requirements.
Charlottesville’s city council unanimously approved an ordinance authorizing an up‑to $8.7 million forgivable loan to support the acquisition and redevelopment of Carlton Mobile Home Park, council records show.
Brenda Kelly, the city’s redevelopment manager, told council the loan would support acquisition by Piedmont Housing Alliance and Greater Charlottesville Habitat for Humanity and formation of a 50/50 joint venture, Habitat Carlton Alliance LLC, to develop the property. “This is for the city funding of the acquisition of the Carlton Mobile Home Park property by Piedmont Housing Alliance and Greater…
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