Urban Precedent and Funding
Our team was focused on precedent and financing on an urban level. The goal of our team was to find relevant examples that Albemarle Housing Improvement Program (AHIP) could apply to their project site on 10th and Page as well as to look at the national, state and local level for financing opportunities. The first step in this process was to look at communities of a similar scale to Charlottesville and identify organizations doing housing works there. In New Orleans, LA we found the Pontchartrain Park Project. Although it is a new development due to the rebuilding of Katrina, there are plenty of process efficiencies that AHIP could potentially benefit from. Additionally, the Pontchartrain Park Project utilized a unique form of funding for their work, that AHIP and other local organizations could pursue to greatly benefit future projects. AHIP can also tackle the lack of affordable housing in Charlottesville by following the AHC’s affordable apartment housing development. We then analyzed the financing used on these projects as a springboard to looking at AHIP. Many of the financing we found were loans or grants. On the national level, it is suggested to AHIP to join NeighborWorks America, a nonprofit organization that provides grants and technical assistance to U.S. community development organizations. On the state level we looked at organizations within Virginia that were similar to organizations used in the precedents, such as the Virginia Housing Authority and the Virginia Community Development Corporation. The financing options we found AHIP should qualify for and benefit from.
Urban Precedent and Funding, Albemarle Housing Improvement Program, Saman Zomorodi, Kate Murtagh, Joseph Cacibauda, Charlottesville, affordable housing, financing
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Urban Precedent and Funding

Albemarle Housing Improvement Program (click PDF)

Fall 2011

Team members: Saman Zomorodi, Kate Murtagh, Joseph Cacibauda

Our team was focused on precedent and financing on an urban level. The goal of our team was to find relevant examples that Albemarle Housing Improvement Program (AHIP) could apply to their project site on 10th and Page as well as to look at the national, state and local level for financing opportunities. The first step in this process was to look at communities of a similar scale to Charlottesville and identify organizations doing housing works there. In New Orleans, LA we found the Pontchartrain Park Project. Although it is a new development due to the rebuilding of Katrina, there are plenty of process efficiencies that AHIP could potentially benefit from. Additionally, the Pontchartrain Park Project utilized a unique form of funding for their work, that AHIP and other local organizations could pursue to greatly benefit future projects. AHIP can also tackle the lack of affordable housing in Charlottesville by following the AHC’s affordable apartment housing development.

We then analyzed the financing used on these projects as a springboard to looking at AHIP. Many of the financing we found were loans or grants. On the national level, it is suggested to AHIP to join NeighborWorks America, a nonprofit organization that provides grants and technical assistance to U.S. community development organizations. On the state level we looked at organizations within Virginia that were similar to organizations used in the precedents, such as the Virginia Housing Authority and the Virginia Community Development Corporation. The financing options we found AHIP should qualify for and benefit from.

urban precedent and funding