The Charlotte City Council approved a resolution for INLIVIAN to issue up to $40,725,000 in multifamily housing revenue bonds to finance the 3119 West Boulevard Apartments. This new construction project will provide 238 affordable housing units on a 13-acre site in Council District 3. The development, owned by Roers Charlotte Apartments II, LLC, will serve households earning up to 80% of the area median income. The city's approval is a required step under Section 147(f) of the Internal Revenue Code, enabling the developer to access tax-exempt financing without creating a financial obligation for the city.