RESOLUTION
Appropriating $675,000 OF THE FY23 CSRAP budget allocation to be used by CRHA for
 acquisition of 1016 and 1020 Coleman Street as permanent units of affordable housing


       WHEREAS pursuant to Virginia Code §36-19 (2) and (4) the Charlottesville
Redevelopment and Housing Authority has the power and authority to acquire real estate for
residential use, and to operate buildings for residential occupancy; and
       WHEREAS pursuant to Virginia Code §36-6 and §36-7 the City of Charlottesville is
authorized to lend or donate money to CRHA to enable CRHA to carry out its purposes; and
       WHEREAS CRHA is requesting the City Council to provide the amount of $675,000 to
fund the acquisition of residential buildings located at 1016 and 1020 Coleman Street, and the
requested amount of funding is available within the City’s FY23 budget for the CSRAP
Program; and
        WHEREAS City Council desires that its donation of funding be used to acquire dwelling
units that will be permanently reserved for use as affordable dwelling units; now, therefore,
        BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE
THAT the amount of $675,000 is hereby appropriated from the FY23 Budget for the CSRAP
Program, to be donated to the Charlottesville Redevelopment and Housing Authority (“CRHA”)
for use in acquiring land and buildings (together, “Real Estate”) located at 1016 and 1020
Coleman Street. It shall be a condition of this donation that, immediately following the
recordation of an instrument conveying title to the Real Estate to CRHA, CRHA shall record a
covenant restricting the use of the Real Estate to residential uses, and requiring that all dwelling
units located on the Real Estate will be affordable dwelling units. The City Manager will
provide CRHA with a declaration of covenants to accomplish the land use restriction, which
shall be executed by CRHA and recorded on the same date as the instrument by which CRHA
obtains title to the Real Estate.