Habitat for Humanity of the Charlotte Region

Charlotte,
NC
(2021)

Habitat for Humanity of the Charlotte Region

Affordable Housing

Charlotte Region Habitat used NMTC financing to substantially finance the vertical construction of single-family detached homes built on 16 previously acquired infill sites scattered throughout distressed areas in the City of Charlotte and the site acquisition and development of 8-unit townhome project located within a severely distressed tract.

Investment

NMTC Amount: $2,923,228
Total Project Cost: $3,805,000

IMPACT

29 construction jobs
24 affordable, energy-efficient, single-family homes

CDEs

Habitat for Humanity

Investor

US Bank

Voices from the Community

Habitat Charlotte Region is able to benefit from the NMTC and this allows us to expand homeownership opportunities that may not otherwise exist for the families and individuals we serve.

-Faith Triggs, Habitat Charlotte Region, Charlotte, NC

Project Description

Charlotte Region Habitat used NMTC financing for 1) the vertical construction of single-family detached homes built on 16 previously acquired infill sites scattered throughout distressed areas in the City of Charlotte; and 2) the site acquisition and development of 8-unit townhome project located within a severely distressed tract. These 24 energy efficient affordable homes will be sold to low-income and very-low-income families.

MAP

Address: 1920 Renner Street, Charlotte, NC 28216

Census Tract: 37119004800

Other North Carolina Projects

Bailey Power Plant

Winston-Salem,
NC
(2016)

Affordable Housing, Brownfield Remediation, Community, Housing, Mixed-use, Retail

CDE(s): National Trust Community Investment Corporation, Urban Action Community Development, Urban Research Park CDE

The adaptive re-use of a former RJ Reynolds tobacco facility that is being redeveloped by Wexford Science and Technology, LLC into an 110,815 sq ft mixed-use, LEED Silver certified historic