The amendment extends the deadline for Four Oaks Builders, LLC, to complete an affordable single-family home on a 0.16-acre parcel by June 30, 2025, with options for two 90-day extensions. The home will be sold for no more than $315,000, meeting HouseCharlotte program criteria. This extension accommodates COVID-19-related delays and ensures the project fulfills its affordable housing commitment.
This decision sustains Charlotte’s affordable housing goals by enabling the completion of a critical project delayed by external factors.