Charlotte, NC (2021)

Habitat for Humanity of the Charlotte Region

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

Investor

Project Description

CHARLOTTE REGION HABITAT used a $2.86M QLICI to substantially finance $3.8M in EPTC 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 LI and VLI families.

MAP

Address: 1920 Renner Street, Charlotte, NC 28216

Census Tract: 37119004800

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