High PriorityDevelopmentopen
Rivanna Terrace Apartments acquisition — $5 million request
Summary
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.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 9, 2026.
Impact analysis
💰Financial impact
$5 million city ask toward a $9.6 million purchase.
✅Who benefits
48 tenant households keep rents near $1,500/month instead of facing market-rate increases.
Mentions & discussions (1)
Related development
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