Habitat for Humanity of the Charlotte Region

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

CDEs

Habitat for Humanity

Investor

US Bank

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.