Charlotte Department of Housing and Neighborhoods
Charlotte, North Carolina

As the city’s primary tool for creating and preserving affordable housing, the Housing Trust Fund provides gap financing to developers to cover the cost of building affordable developments. This gap financing helps build, restore, and repair affordable housing to ensure that Charlotteans have safe, quality, affordable places to live. Since 2018, voters have approved $150 million in affordable housing general obligation bonds to increase affordable housing production. 2022 marked the 20th anniversary of the first Housing Trust Fund investment. In the last two decades, the HTF has contributed $231.2M to support 11,000+ affordable housing units and 888 shelter beds for those experiencing homelessness.

Funding Source
General revenue; Dedicated funding stream - Other
Funding Year
2022
Program Status
Active
Total Funding
$12,415,400
Website
https://www.charlottenc.gov/Streets-and-Neighborhoods/Housing/Resources-for-Developers-and-Contractors/Housing-Trust-Fund
Contact
Zelleka Biermann Charlotte Department of Housing and Neighborhoods [email protected] 704-336-2482
How Provided?
Development loans; Development grants
Data Collected by Program
Income
Program Type
Capital resources
Income Eligibility Threshold
80% AMI or less
Duration
Affordability period is 20 years
Info Source
NLIHC internet research
Last Updated
8/30/23 10:04
Priority Populations

60% AMI or less