Millions proposed for affordable housing in Charlotte

CHARLOTTE — The Charlotte City Council got its first look Monday night at where Housing Trust Fund dollars may be spent.

Last year, voters approved $50 million for affordable housing. The city of Charlotte estimates more than $22 million may be included in this round of funding.

A total of 14 projects were proposed but several of them will not receive the necessary tax credits to come to fruition.

Proposed projects:

Evoke Living at Morris Field:

3628 Morris Field Drive

132 units- $3 million

Fairhaven Glen

8329 Nations Ford Road

140 units- $2 million

Grounds for Change

3420 Park Road

104 units- $2 million

Sugar Creek Apartments

230 W. Sugar Creek Road

188 units- $3 million

The Barton Seniors

6000 Old Pineville Road

174 units- $2 million

Easter’s Home

1615 East 5th Street

21 units- $630,000

The River District

8325 Dixie River Road

124 units- $2.5 million

Proposed projects seeking 9% low-income housing tax credits.

Housing Director Pam Wideman expects three or four of these developments will receive the necessary tax credits to be built. Awardees will be announced in the summer.

Evoke Living at Eastland

5601 Central Avenue

82 units- $1.6 million

First Ward Place Phase I

501 East 8th Street

68 units- $2 million

Fordham Place

2570 Kingspark Drive

70 units- $1.6 million

Galloway Crossing

78 units- $1.6 million

8300 East W. T. Harris Blvd.

Guardian Angel Villa II

13522 Guardian Angel Lane

93 units- $1.7 million

Marvin Road Apartments

3712 Marvin Road

70 units- $1.7 million

Ovata at Reedy Creek

9729 Newell Hickory Grove Road

78 units- $480,000

The city expects to allocate more than $22 million for new developments. That would leave an estimated $29 million in this funding source, which includes rollover dollars.

Multiple Charlotte City Council members pointed out that none of the proposed developments are in the south Charlotte Districts 6 and 7.

“We’ve got to find a way to diversify our housing throughout the community, understanding that land costs and land value are higher in certain parts of the city,” Councilman Malcolm Graham said.

The Charlotte City Council will take a vote on the developments in two weeks.

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Cox Media Group