PendingOther

Rivanna Terrace Apartments acquisition

Description

CRHA wants $5 million toward the $9.6 million purchase of a 48-unit garden-style complex with two-bedroom units renting around $1,500.

Impact summary

Preserves 48 affordable rental units that would likely convert to market rates if sold privately.

Applicant

Name: Charlottesville Redevelopment and Housing Authority
Address: Rivanna Terrace, off River Road, Charlottesville, VA

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Discussed at 1 meeting in the last 60 days; most recently Sep 9, 2026.

Meeting timeline (1)

Sep 9, 2026

City Council - Sep 9, 2026

CRHA wants $5 million toward the $9.6 million purchase of a 48-unit garden-style complex with two-bedroom units renting around $1,500.

Related issues (1)

Rivanna Terrace Apartments acquisition — $5 million request

CRHA asked for $5 million toward buying the 48-unit Rivanna Terrace complex listed at $9.6 million, about $104,000 per unit in city investment, to keep the two-bedroom units affordable off River Road.

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