$10 million in funding proposed for west Charlotte home development

by: Allison Latos Updated:

CHARLOTTE - A new west Charlotte development could add 150 new homes if City Council approves millions of dollars in funding Monday night.

City leaders told Channel 9 that the Renaissance West Community is already turning the area around after opening just last fall.

A Vietnam veteran, Fred Davies, was homeless for years until he got his own place at The Residence on West Boulevard.

"I got a penthouse up there I call it," said Davies.

Charlotte Housing Authority and Laurel Street Residential want to build 150 units of one-, two- and three-bedroom homes for residents of all income levels.

"For lower income households they might pay rent as low as $300 a month, but for higher income households or market-rate households, they might pay as much as $900 a month," said Laurel Street Residentia Principal and Chief Executive Officer Dionne Nelson.

The demand for this type of housing is so high developers said they have 40 seniors and more than 600 families on a waiting list for the apartments.

Crime data dropped from 13 incidents in 2011, including armed robbery and larceny, to four this year.  The most serious incident this year was a stolen car.

The new family housing units should be open by the fall of 2015. The Housing Authority suggests that interested families apply now because there is already a wait list.