SIF191 UVA Affordable Housing Initiative

Project Manager: Pace Lochte

Approved: Winter 2023

Project Dates: 2/1/2023 – 1/31/2026

Total Funding: $1,100,000

Executive Summary

As part of President Ryan’s Great and Good Strategic Plan, UVA has committed to supporting the development of 1,000 – 1,500 affordable housing units on land in Charlottesville and Albemarle County using land owned by UVA or the UVA Foundation. The SIF award will cover consultant engagement, development and asset management advisory services, and legal and land transfer fees.  Affordable Housing website: https://prescouncil.president.virginia.edu/affordable-housing

Current Status: Active