The Charlottesville Regional Chamber of Commerce (CRCC) is giving the Albemarle County Board of Supervisors a pat on the back. Supervisors revisiting the county's cash proffer policy and seeing if it is time to adjust it.
President of the CRCC Timothy Hulbert says supervisors will take a look at the policy over the next few months. This could mean adjusting the fees or doing away with them all together.
The policy impacts property owners looking to add more residential units on their land. The county's cash proffer policy is in place to offset the impact from the additional units.
In 2007, the unofficial cash proffer contribution was set at $3,200 a home. Once supervisors adopted an official policy, that fee shot up more than 400 percent - to $17,500 for a single-family, detached home. It currently sits at more than $20,000.
"The city of Charlottesville does not have a cash proffer policy, Greene County has a $5,000 per home policy, yet in Albemarle County we got more than a $20,000 one, so that $20,000 goes right to the bottom line on a new home,” said Timothy Hulbert, Charlottesville Regional Chamber of Commerce president.
The Albemarle’s director of community development there will be opportunity for community input throughout the process.
He says the policy could also change in the way credits work. Those apply to affordable housing units and off-site road improvements.
Charlottesville Regional Chamber of Commerce Press Release
(Charlottesville, Virginia – April 21) The Charlottesville Regional Chamber of Commerce today released an April 16th Chamber memorandum to members of the Albemarle County Board of Supervisors applauding the Supervisors for their “efforts to reevaluate Albemarle County’s cash proffer policy.”
The Chamber memorandum stated, “As the area’s real estate marketplace has demonstrated volatility over the past decade, regular reevaluation … should be in order, particularly as past practice has witnessed only increased costs placed upon homeowners while marketplace conditions declined.”
“Albemarle County might even consider repeal of the cash proffer policy as many municipalities in our Commonwealth of Virginia do not have such policies, locally most notably the City of Charlottesville. Some jurisdictions have either removed or are in the process of reconsidering their cash proffer policies. The County’s cash proffer policy is in direct conflict with Albemarle County’s affordable home-ownership goals. Better mechanisms that do not increase the cost of home ownership as well as apartment living, should at a minimum, be explored.”
The Chamber memorandum (copy attached) noted, “Until 2007 Albemarle County’s unofficial cash proffer policy generally called for a “voluntary contribution” to the County, of $3,200 per single family detached home. In 2007 – when Supervisors adopted an official policy – that required “contribution” amount had increased (+400%) to $17,500 per single family detached home.
“In 2013, the Albemarle cash proffer policy called for “contributions” of $20,460 per single family detached home; $13,913 per an attached home or townhouse and $14,497 for multi-family apartments. (By comparison, the Greene County cash proffer policy is less than $6,000 per home.)”
The Charlottesville Regional Chamber of Commerce is dedicated to representing private enterprise, promoting business and enhancing the quality of life in our greater Charlottesville communities. The Chamber’s more than 1,100 member and affiliate member enterprises employ more than 45,000 people in our community, representing an estimated total payroll of more than $1.75 billion a year.