This policy outlines the investment priorities for affordable housing in Charlotte, following a significant increase in the 2024 Housing Trust Fund. It focuses on enhancing housing stability, affordability, and economic mobility, targeting homebuyers, lower-wage workers, and households at risk for displacement. The policy includes a total of $100 million in funding across various categories such as Rental Housing Production, Homeownership, Rental Preservation, and Innovation. Key goals include leveraging partnerships, linking housing to supportive services, and incentivizing bold, scalable solutions to address housing challenges in Charlotte.
This policy represents a historic investment in affordable housing in Charlotte, addressing urgent needs for housing stability and equity across the city. It aims to support the development and preservation of affordable housing while promoting economic mobility and neighborhood affordability.