November 17, 2007
Woodard Properties just made a big purchase, and now many are hoping it will give people a chance to find affordable housing in Charlottesville.
"What we've seen really since 1999 is properties doubling, tripling, even quadrupling in value," says Charlottesville City Councilor, Kendra Hamilton. Hamilton says, that's cut down on affordable rental housing in Charlottesville.
"The squeeze is on the rental housing market from all directions," she says.
But a new deal, may keep affordable housing in the city.
Keith Woodard's company purchased properties from Dogwood Housing.
Woodard says, "affordable housing seems to be an issue on everyones mind and, it's chance for us to step forward and give a little bit back to the community."
He wants to continue the vision of Eugene Williams, the owner of Dogwood Housing.
"Eugene, not only saw the need for affordable housing he stepped forward and did something about it," Woodard says.
They've purchased older homes throughout Charlottesville, renovated them, fixed them, and kept them affordable. They hope to keep that tradition going.
"There has been some criticism of the city contributing to this deal, helping to make this deal, but with this particular project as I said earlier we did more for affordable housing in the city in this one deal than we have in the last four years," says Hamilton.
According to Hamilton, the city needs partners in the development community.
The purchase was possible by a joint initiative with United Bank, the Piedmont Housing Alliance, Woodard Properties, Dogwood Housing, and the City of Charlottesville.
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