1. Carlton Views
An affordable housing project that is right for Charlottesville
Carlton Avenue
Charlottesville, VA

2. Introduction
Carlton Views is a mixed-use project built on approximately acres located at Carlton Avenue.
The Site was an obsolete concrete plant and considered an eyesore in the community.
Carton Views in being built in multiple phases

3. Master Plan Parcel B: PACE Center Parcel A: 48 Affordable Units
Parcel C:
52 Affordable Units

4. Phase I: Blue Ridge PACE
Blue Ridge PACE is operated as a joint venture formed by the University of Virginia Medical System, the Jefferson Area Board for Aging (“JABA”) and Riverside Hospital.
PACE is a comprehensive care program designed to enable seniors with a disability to receive healthcare and maintain as much independence as possible.

5. Phase II: Carlton Views II
54 affordable apartments for persons with a disability,

6. Solution to Growing Demand
Affordable Housing+Services is a solution where supportive services for the elderly and disabled are linked or located near affordable accessible housing. Affordable Housing+Services programs are much more cost-effective than assisted living facilities, which remain out of reach for those with limited incomes.

7. Phase III: Carlton Views II
An additional 48 affordable housing units for persons with a disability
To serve persons with a disability, the Project’s apartments will incorporate “universal design” and the requirements promulgated by HUD for persons with a disability.
The apartments offer special features, such as no-step entrances, lowered kitchen counters and sinks, roll-under stoves, widened doorways, wheel-in showers and raised electrical outlets.

8. Use of Funds USE OF FUNDS CV I CV II Combined Total $10,484,831
54 UNITS
48 UNITS
102 UNITS
Acquisition
$945,000
$1,056,000
$2,001,000
Hard Costs
$6,444,336
$5,544,465
$11,988,801
Soft Costs
$3,095,496
$2,578,186
$5,673,681
Total
$10,484,831
$9,178,651
$19,663,482

9. Source of Funds SOURCES OF FUNDS CV I CV II Combined Developer Loan
54 UNITS
48 UNITS
102 UNITS
VHDA Permanent Loan
$2,000,000
$2,340,000
$4,340,000
DCHD Home Loan
$500,000 $0
LIHTC Equity
$7,017,407
$5,115,088
$12,132,495
Developer Loan
$17,424
$283,563
$300,987
Total
$10,484,831
$9,178,651
$19,663,482

10. Closing Affordable Housing is an extremely complex problem .
There is no one silver bullet.
Must explore multiple options.
An essential key is a knowledgeable community and a solution oriented local government.