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Crescent Halls is a 105-unit apartment building owned and operated by the Charlottesville Redevelopment and Housing Authority. The structure, located at the intersection of Monticello Avenue and Second Street SE, was built in 1976 98 units are one bedroom with the rest having two bedrooms.
The average monthly rent in 2011 for a one-bedroom unit is $248. A two bedroom unit is $314. 
Many residents have complained about dilapidated conditions at the facility. 
As part of the renovation, the CRHA has committed to pay for the relocation of residents during that time. That will mean the CRHA could be responsible for paying up to $633,864 in additional rent during that time in order to pay for market-rate units. It is not known if the U.S. Department of Housing and Urban Development will cover the cost. 
- "Charlottesville : CRHA Sites." Charlottesville : Home. Web. 30 Aug. 2010. <http://www.charlottesville.org/Index.aspx?page=710>.
- Web. CHRA MOU Report - November 6, 2011, City of Charlottesville, Department of Neighborhood Services, retrieved December 5, 2011.
- Web. Charlottesville Investing in Affordable Housing Upgrades, Dannika Lewis, NBC 29, Charlottesville, Virginia, December 26, 2011, retrieved December 29, 2011.
- Dixit, Rachana. "Crescent Halls' Fate Lies in Structural Soundness Study | Daily Progress." Home | Daily Progress. 30 Aug. 2010. Web. 30 Aug. 2010. <http://www2.dailyprogress.com/news/2010/aug/29/crescent-halls-fate-lies-structural-soundness-stud-ar-478711/>.