Habitat for Humanity of the Charlotte Region

New Markets Tax Credit Coalition

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

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