Piedmont Housing Alliance
The Piedmont Housing Alliance (PHA) is a non-profit organization that provides homebuyer education and creates housing opportunities for low- to moderate-income families and individuals in the communities served by the Thomas Jefferson Planning District Commission.
PHA was established in 1997 as a Community Housing Development Organization and in 2001 it was certified by the U.S. Treasury as a Community Development Financial Institution (CDFI). As a CDFI, PHA recently[when?] received a $1 million 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.
PHA is certified as a Housing Counseling Agency by HUD and Freddie Mac and more than 3,000 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.
Since its inception, PHA has built and rehabilitated homes in Crozet, Starr Hill and Hinton Avenue. The 10th and Page project recently[when?] 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 by matching grants or in-kind donations. This means that for the $150,000 given to PHA by the City each year, $1.5 million worth of projects are completed.