The City Council of Charlotte adopted a resolution approving INLIVIAN's request to issue up to $3,000,000 in new multi-family housing revenue bonds for the Trella Uptown Apartments. This is to finance an affordable housing development consisting of 106 units for households earning 80 percent and below the Area Median Income (AMI), located on approximately 2.2 acres. The project also includes 247 market-rate apartment units owned by a separate entity and not financed by these bonds or the city's Housing Trust Fund. This additional bond issuance addresses a financing gap due to increasing construction costs and supplements previous City Council approvals, including $3.2 million in Housing Trust Fund support and an initial $17 million in housing revenue bonds. The City's approval satisfies Section 147(f) of the Internal Revenue Code and does not financially obligate the city.