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Published on July 11, 2023
CHARLOTTE, N.C. (July 11, 2023) – On Monday, Charlotte City Council approved the use of $3.5 million from the Coronavirus State and Local Fiscal Recovery Fund to preserve 100 affordable units at Brookhill Village Apartments. Mecklenburg County approved an additional $3.5 million investment during its July 6 Board of County Commissioners meeting, bringing the total public investment to $7 million.
The city’s investment will fund the ground lease acquisition through 2049 and renovations for the 100 affordable units. The proposed interior and exterior renovations will include:
Built in 1950, Brookhill Village Apartments was developed as a 418-unit development on approximately 35 acres along South Tryon. Most on-site buildings have since been demolished leaving 100 housing units on approximately nine acres.
City funding is contingent upon the developer keeping the 100 units affordable for the duration of the ground lease.
The 100 affordable units will remain affordable to households earning less than 80% of the area median income through 2049.
The Harvest Center will also fund the construction of an administrative office and community resource center on the Brookhill Village property. Wrap-around services provided by The Harvest Center will be available to all Brookhill Village residents.