CHARLOTTE — Charlotte City Council may invest in a southwest Charlotte apartment complex to preserve it as affordable housing.
The council will be briefed Monday on whether to spend $3.5 million on the 1001 Tyvola development.
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The apartment complex is less than half a mile from the light rail station.
The investment will ensure it stays affordable housing for the next 60 years.
The money for the project will come from the voter-approved housing trust fund.
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