CHARLOTTE, N.C. - City council on Monday approved five new affordable housing complexes in Charlotte. The proposals have applied for tax credits from the state.
In August, the state will decide which three complexes that will receive those credits. The city will then provide the winning projects with up to $6.8 million in funding.
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Community leaders, including former Charlotte-Mecklenburg Schools board Chair Arthur Griffin called on the council to be bold.
“Affordable, decent, safe housing fulfills a basic human need for shelter. It's like air and clean water,” Griffin said.
The other two projects approved by the council will include 276 units and will cost more than $9.5 million.
That funding will come from whatever is left over from the money source of the first three projects, the city manager's budget or next fall's housing referendum.
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