Piedmont Housing Alliance

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The Piedmont Housing Alliance (PHA) is a non-profit organization founded in 1997 that creates housing opportunities for low to moderate income families and individuals in Albemarle, Fluvanna, Greene, Louisa and Nelson counties and the City of Charlottesville and provides education to help community members become homeowners.

In 1997, PHA was established as a Community Housing Development Organization (CDHO) and in 2001 it was certified by the U.S. Treasury as a Community Development Financial Institution (CDFI). As a CDFI, PHA recently received a million dollar grant from the federal government for down payment assistance and qualifies for another $700,000 pending proof that PHA has more projects at the “shovel ready” stage. Additionally, PHA is certified as a Housing Counseling Agency by HUD and Freddie Mac and more than 3000 families have gone through the counseling. Over 500 families have gone through the homeownership education process with PHA and gone on to purchase a home. Additionally, PHA manages the Charlottesville Housing Fund’s asset base.

Over the last twelve years, PHA has built and rehabilitated homes in Crozet, Starr Hill and Hinton Avenue. The recently completed 10th and Page project rehabilitated, completed or assisted thirty-one homes helping provide low mortgage rates to struggling homeowners. Additionally, PHA helped to build the Hope Community Center on 11th street.

While PHA receives funding from both Albemarle County and the City of Charlottesville, this funding is typically leveraged 10:1. PHA leverages the localities’ funds by finding matching grants or receiving in kind donations. This means that for the $150,000 given to PHA by the City each year, $1.5 million dollars worth of projects are completed. According to Armstrong, each project typically has more than seven sources of funding.

External Links

http://www.piedmonthousingalliance.org/