I am writing on behalf of the 25 congregations of IMPACT, and the 1200 people who signed our recent letter to you. Stable and affordable housing is critical to the recovery, both in the short term and the long term. We urge you to stand up for struggling families by supporting an Affordable Housing Fund. Every dollar invested by a County leverages on average 7 dollars from other sources. The Fund can be used to assist struggling residents or incentivize the creation of more affordable housing. The longer we wait, the worse the problem will be. This is a solution.
I am a representative from IMPACT's affordable housing committee, and work in Albemarle County. Last week, you received a letter from IMPACT singed by 1200 community members supporting affordable housing in our county. While we recognize that right now, the government at all levels is adjusting to the realities of COVID-19, we want to acknowledge that the pandemic is exacerbating the housing insecurity that already exists in our community. We originally asked for $5 million in this year's budget dedicated for affordable housing, and we would still like to see that amount. However, given current realities we are now requesting that you designate a minimum of $2.5 million for an affordable housing trust fund. Our community has long experienced a lack of affordable housing, and you, as leaders, must address this urgent need now.