Provide affordable and well-maintained housing for low- and moderate-income individuals and families that addresses a continuum of housing needs – from homelessness to homeownership.
$15 million on this year’s ballot for the Charlotte Housing Trust Fund, leveraging private investment dollars to provide affordable and well-maintained housing for low- and moderate-income individuals and families in the Charlotte area.
- Multi-family new construction and rehabilitation
- Homeownership development in targeted neighborhoods
- Housing for seniors, disabled and homeless populations
- Acquisition of properties for developing mixed-income communities
Past and future plans
In 2014, $15,000,000 went to the Charlotte Housing Trust Fund, leveraging private investment dollars to provide affordable and well-maintained housing for low- and moderate-income individuals and families in the Charlotte area.
The Community Investment Plan (CIP) calls for bond referenda to approve additional funds in 2018 and 2020 to continue providing affordable and well-maintained housing in the Charlotte area.
Here’s a list of completed projects:
Dove’s Nest is a supportive housing development for women engaged in an addiction recovery program that opened its 120-bed facility in June 2012. The facility has the capacity to serve up to 90 women and 30 of their children. The total development cost for the facility was $10,081,420 with a $1,538,044 Housing Trust Fund allocation.
Domestic Violence Shelter
The Domestic Violence Shelter opened in December 2012. The facility includes 80 beds for survivors of domestic and sexual violence and child abuse and helps adults and children build safe, healthy relationships. Total development cost for the shelter was $10,000,000 with a $1,500,000 Housing Trust Fund allocation.
The Retreat at Renaissance
The Retreat at Renaissance opened in November 2013 and is the first phase of Charlotte’s newest mixed-income community, The Renaissance. The Renaissance is the redevelopment of the former Boulevard Homes, located along West Boulevard, just east of Billy Graham Parkway. The Retreat at Renaissance consists of 110 units for fixed-income seniors and disabled residents. Funding for the Retreat at Renaissance was made possible by the Housing Trust Fund, Charlotte Housing Authority, and federal and state tax credits. The total development cost of the facility was $13,712,777 with a $1,000,000 Housing Trust Fund allocation.
Willow Oak Run Apartments
Opened in November 2012, Willow Oak Run is an 85-unit multi-family community with 62 two-bedroom and 23 three-bedroom apartments that serve families earning 60 percent or below the area median income. This community offers many enjoyable amenities including a playground a tot lot for the younger residents, a computer center with a community/multi-purpose room for residents. The total development cost for Willow Oak Run was $10,000,546 with a $685,000 Housing Trust Fund allocation.
For more information about the Housing Trust Fund, please visit the city’s housing services webpage.