A new $14 million affordable apartment complex opening this week in south Charlotte will provide 81 units for senior citizens at below-market rents.
Guardian Angel Villa is a partnership between the Catholic Diocese of Charlotte Housing Corp. and private developers Douglas Development and Schaumber Development.
The three-story building was built on 20 acres the diocese owns on South Tryon Street in the Steele Creek area.
Federal tax credits and below-market loans from the state and the City of Charlotte Housing Trust Fund helped finance the project.
Diocese officials said the first of an expected more than 100 residents are moving in this week. It's open to people 55 and older, with three-quarters of the apartments reserved for those making no more than 60% of the area median income (AMI), or about $33,000 a year for a single person. Another one-quarter are set aside for those making up to 30% of the AMI, or $16,600.
Rents range from $342 to $866 per month, depending on an applicant's income and the size of the unit, the diocese said.
The new housing comes as the city struggles to fill a gap in affordable housing.
“We are thankful for the opportunity to come together with so many devoted partners to help provide the comfort of home for some of Charlotte’s most vulnerable citizens,” Monsignor Patrick Winslow, president of the housing corporation and vicar general of the diocese, said in a press release. “We look forward to watching the Guardian Angel community grow in fellowship, and we remain committed to providing housing options and other relief to our brothers and sisters in need.”
It's the fourth project of its kind by the diocese. Altogether the diocese now manages 153 affordable housing units from Charlotte to Salisbury.
