CHARLOTTESVILLE, Va. (CBS19 NEWS) -- A local Grammy Award-winning band is donating millions of dollars for affordable housing in the Charlottesville area.
The Dave Matthews Band, Dave Matthews and Red Light Management will collectively be donating $5 million for reinvestment in public and affordable housing.
The band is getting ready to wrap up a fall tour with two shows at the John Paul Jones Arena on Dec. 14 and 15, and a portion of the proceeds from those shows will be included in the donation.
According to a release, the money will go toward the renovation and/or replacement of all of the public housing in Charlottesville while also building additional affordable housing on currently underutilized land.
The release says the first phase of this project will include the overdue renovation of Crescent Halls, which houses elderly and disabled low-income residents, as well as the construction of new units on South First Street.
It is hoped this donation will be a catalyzing gift in the ongoing fundraising campaign for the resident-led, multi-phased project.
Red Light Management, Riverbend Development, Castle Development Partners, and the Virginia Community Development Corporation are working in partnership with the Charlottesville Redevelopment and Housing Authority and the Public Housing Association of Residents to realize the project. They are all working in a volunteer capacity.