CHARLOTTE, N.C. — The city of Charlotte has $75 million to put toward affordable housing initiatives over the next year.
On Monday night, city council’s Housing, Safety and Community committee discussed how to spend the money in a focused way to help residents beyond housing.
One idea was to invest in affordable housing projects that are built where existing transportation and jobs are to meet several needs of low-income residents.
City staff also presented an idea that many members supported called “teamforce” housing. The strategy calls for the city to partner with corporations to fund and build housing for a company’s workforce.
Mayor Pro Tem Braxton Winston suggested partnering with Charlotte-Mecklenburg Schools to provide housing for school staff.
"They're putting their 'business' right in the middle of neighborhoods and that could be a way that we can have potentially permanent affordability,” Winston said.
The money may also go toward incentives for developers like fee reimbursements and utilities assistance for some Charlotte Water customers.
The committee did not vote on any funding allocations Monday night
Contact Julia Kauffman at jkauffman@wcnc.com and follow her on Facebook, Twitter and Instagram.
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