The Charlotte City Council approved the issuance of $26M in multifamily housing revenue bonds by INLIVIAN to finance the development of Sycamore Station II Apartments. The project includes 168 affordable housing units at the intersection of Milton Road and Barrington Drive, aiming to support households earning up to 60% AMI.
Supports affordable housing development, addressing the city's critical need for housing options for lower-income households while leveraging federal tax credits and bonds.