[ad_1]
CHARLOTTE, N.C. (April 4, 2022) — In recognition of the twentieth anniversary of the Housing Belief Fund and an ongoing dedication to inexpensive housing, the Metropolis of Charlotte on Monday launched
the Housing Trust Fund 20 Year Anniversary report reflecting on the fund’s achievements and trying to the way forward for inexpensive housing in Charlotte.
Established by the Charlotte Metropolis Council in 2001 and administered by the
Housing & Neighborhood Services Department, the
Housing Trust Fund makes use of voter-approved housing bonds to offer financing to builders to offset the price of constructing inexpensive housing. Funds additionally assist varied organizations that present homelessness providers.
The primary housing developments supported by the Housing Belief Fund started receiving financing in 2002. Within the 20 years since, greater than $218.8 million has helped create or protect 10,869 inexpensive models and 888 shelter beds. Housing Belief Fund investments have supported a various vary of housing developments together with:
-
New building of multifamily developments.
-
Growth of shelters.
-
Supportive housing growth.
-
Naturally occurring inexpensive housing preservation, together with in areas experiencing speedy change.
-
Single-family, for-sale developments that increase homeownership alternatives.
Moreover, for each belief fund greenback spent, a mean of $6.32 from different private and non-private sources is leveraged for inexpensive housing in Charlotte, for a complete of $1.6 billion leveraged for the reason that fund’s inception. These public-private partnerships between town, nonprofits, non-public corporations and buyers, and different authorities companies are the hallmark of the Housing Belief Fund, and important to creating extra inexpensive housing locally.
“We all know the struggles so many Charlotteans have confronted to find housing that’s inexpensive — an issue exacerbated by the challenges of the pandemic,” stated Mayor Vi Lyles. “This work is necessary and crucial, and we can’t do it alone. We’re honored to have so many devoted and gifted companions who’ve helped us make the Housing Belief Fund the cornerstone of inexpensive housing efforts in Charlotte.”
As town celebrates the 20-year historical past of the fund, it additionally goals for better progress over the following 20 years. In 2022, the Metropolis Council’s
Great Neighborhoods Committee will assess the Housing Belief Fund to overview its historic strengths, determine alternatives for enchancment and talk about how issues could also be finished in a different way as Charlotte modifications and grows.
[ad_2]
Source link
