The City of Charlotte’s push to make housing more available and affordable is on City Council members’ agenda Monday evening. Council members are scheduled to vote on approving more than $11.8 million in spending from the city’s Housing Trust Fund.
The money would go toward eight proposed multi-family rental developments that would create a total of 506 housing units. About three-quarters of those units would go to renters who have 60 percent or less of the area median income.
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Most of the proposed housing would be located across the northern half of Charlotte, in areas that meet criteria for well-maintained neighborhoods and proximity to grocery stores and other amenities. Funding from Charlotte’s Housing Trust Fund is contingent upon the projects receiving low-income housing tax credits from the state.
City Council members Monday evening will also hold a public hearing on an updated action plan to support the city’s efforts to receive federal Housing and Urban Development funds in the next fiscal year. The plan reflects Charlotte’s efforts to preserve existing housing, expand the supply of low-and-moderate income units, and provide programs for homeless people and those living with HIV/AIDS. A City Council vote on the plan is scheduled for April 22.
Monday's City Council business meeting begins at 6:30 p.m. at the Government Center.
