Charlotte-Concord-Gastonia, NC-SC Metro Area
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Programs active in Charlotte-Concord-Gastonia, NC-SC Metro Area
Housing Impact Fund (I & II) Charlotte
Cluster 4 Cluster 5 Cluster 6Entities involved: For-Profit Entity
Through financing provided through HIF, multifamily rental housing with below market rents are acquired by Ascent Housing, HIF has been paired with other financing tools, such as the City’s housing bond program, which amended in 2019 to support preservation, and requires the unit to maintain affordability for 80% of the … Read more >
Naturally Occurring Affordable Housing Acquisition, Rehabilitation, and Subsidy Program Charlotte
Cluster 1Entities involved: City Government
Through the Pilot Naturally Occurring Affordable Housing (NOAH) Subsidy Program, the City of Charlotte helps developers acquire and preserve NOAH properties by providing them with an annual rental subsidy for a minimum of 20 years — or the duration of a deed restriction — at an amount not to exceed … Read more >