CHARLOTTE, N.C. — City leaders are throwing an affordable housing development in South End a lifeline.
A developer with big plans to tear down old homes in south Charlotte and build new affordable units has had some issues getting both private and public funding for the project.
Now, up to $3 million will now be available from the city’s Housing Trust Fund.
Brookhill Village will eventually be torn down and replaced with more than 300 apartments with half of them affordable.
In order to get that money from the city, some key points need to be met.
The biggest one -- the developer must have a long-term financing commitment.
The developer, Tom Hendrickson, issued a statement saying he’ll pledge to continue to work hard to close the remaining gaps in funding, and looks forward to finding additional partners and creative solutions for affordable housing in New Brookhill."
Last week, people who live in Brookhill told Channel 9 they have been banking on the redevelopment, but they are worried they will be forced to move out without a plan.
“I just hope they get something going for us before this house fall in on us,” resident Carla Black said. “They said when they start building them, we have first opportunity to get into them. But I haven’t heard nothing else about that. We’re in the dark. We don’t know what’s going on now.”
The developer would get funding sometime next year if they meet all the requirements.
"Tonight, the Charlotte City Council took a step forward to ensure affordable housing in New Brookhill and honor the legacy of the Brookhill community as a place that working families call home in Charlotte’s South End.
The New Brookhill team is grateful to the community, and to Charlotte City Council members and staff who are willing to invest in the lives and futures of Brookhill families. The residents of Brookhill are counting on all of us as we continue to work together across public and private sectors to find a way forward for affordable housing in New Brookhill. We are not at the finish line yet.
We pledge to continue to work hard to close the remaining gaps in funding and look forward to finding additional partners and creative solutions for affordable housing in New Brookhill."
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