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Affordable Housing General Obligation Bonds Issued for $75 Million

  • When: 2025/08/25
  • Address: Citywide
  • City: Charlotte
  • State: NC
  • Category: Economic Development Incentives
  • Subcategory: Housing Program
  • Asset Class: None
  • Size (Dollars): $75,000,000

The City Council of Charlotte, North Carolina adopted a bond order and resolution for the issuance of Taxable General Obligation Housing Bonds, Series 2025A, not to exceed $75,000,000. These bonds will provide funding for previously authorized Housing Trust Fund projects and reimburse the city for funds spent on affordable housing developments, as approved by voters in 2022 ($50,000,000) and 2024 ($25,000,000). The bonds will pay interest semi-annually starting January 1, 2026, and are payable in installments until July 1, 2045. The Chief Financial Officer is directed to establish a special fund, "City of Charlotte, North Carolina General Obligation Bonds, Series 2025A Housing Projects Fund," to deposit and manage the proceeds.

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