Housing Trust Fund

Charlotte voters will be asked in November to more than triple the city’s Housing Trust Fund, to $50 million. It’s part of a plan to increase affordable housing. City officials say there’s a 34,000-unit shortfall.

City Manager Marcus Jones presented his budget to the City Council Monday.
Charlotte Mecklenburg Government Channel

Charlotte City Manager Marcus Jones has proposed a $2.6 billion budget for the new fiscal year that starts July 1. It calls for pay increases of 6.5 percent for police and 3 percent for other city staff. He also wants to boost the size of a planned affordable housing bond referendum this fall to $50 million.

Charlotte City Council members assembled for their meeting Monday night.
David Boraks / WFAE

The Charlotte city council voted Monday night to help finance 11 proposed affordable apartment projects around the city. But only a handful likely will move forward this year. 

Charlotte City Council plans to vote Monday on whether to approve RNC contracts.
City of Charlotte

Charlotte City Council tonight could approve nearly $24 million in subsidies for 950 new affordable apartments around the city. 

Chris Kizzie of Enterprise Community Advisors (right) and Pamela Wideman of the city's Housing and Neighborhood Services department gave a presentation on affordable housing to the city council Monday.
David Boraks / WFAE

City officials say Charlotte is nearly halfway to a goal set last year of creating 5,000 affordable housing units over three years. But at the Charlotte City Council Monday night, council members, staff and citizens all said it's not enough - especially for those with very low incomes.