Mecklenburg County commissioners anticipated to approve plan to maintain east Charlotte flats reasonably priced – WCNC.com
Simply final week, Charlotte Metropolis Council accepted $8 million in funding to renovate the flats.
CHARLOTTE, N.C. — Mecklenburg County Commissioners are set to vote on a plan Tuesday that can maintain some flats reasonably priced in east Charlotte.
There are plans to renovate the Peppertree Apartments off of Central Avenue and to make the lease extra reasonably priced.
This comes as lease costs proceed to skyrocket, and there’s a huge lack of units for low-income residents.
County leaders say it is desperately wanted as there’s an intense demand and diminishing provide.
“We’re missing reasonably priced housing,” Laura Meier, County Commissioner for District 5, stated. “Firms are coming in shopping for up these properties and it’s simply leaving everyone helpless.”
Now, there is a chance to create less expensive stock.
Tuesday, Mecklenburg County Commissioners will vote to protect reasonably priced housing on the Peppertree Residences, by investing $4 million within the mission.
The cash will assist with rental help for very low-income residents.
“We have now to accommodate our individuals; we’re not doing a great job of it,” Meier stated.
Simply final week, Charlotte City Council approved $8 million in funding to renovate the flats.
“We’re making some form of headway,” Meier stated.
Based on NOAH’s request that they are presenting to the county Tuesday night time, the present lease at Peppertree Residences ranges from $937 to $1,234. The proposed rental charges could be between $390 and $465.
Individuals presently dwelling listed below are excited concerning the plan.
“I really feel like that’s an awesome alternative for Central,” Peppertree tenant Shaquana Davis stated.
Whereas lease now’s already beneath the common asking fee in Charlotte, Davis stated she’s hopeful the mission would forestall her lease from going up. She’s longing for the subsequent steps to see if she qualifies.
“I’m eager for what’s subsequent,” Davis stated.
The timeline for the mission continues to be unclear. In complete, it can value greater than $55 million.
WCNC Charlotte is a part of seven main media firms and different native establishments producing I Can’t Afford to Dwell Right here, a collaborative reporting mission targeted on options to the reasonably priced housing disaster in Charlotte. It’s a mission of the Charlotte Journalism Collaborative, which is supported by the Native Media Venture, an initiative launched by the Options Journalism Community with help from the Knight Basis to strengthen and reinvigorate native media ecosystems. See all of our reporting at charlottejournalism.org.
HOME ASSISTANCE PROGRAMS IN CHARLOTTE