Title
The Family Residences at Oak Hill Apartments Affordable Housing Support Request
Action
Action:
A. Approve a federal Home Investment Partnerships Program allocation for up to $600,000 to Community Housing Partners Corporation for the development of The Family Residences at Oak Hill Apartments, and
B. Authorize the City Manager to negotiate, execute, amend, extend, and renew contracts as needed to complete this transaction.
Body
Staff Resource(s):
Rebecca Hefner, Housing and Neighborhood Services
Warren Wooten, Housing and Neighborhood Services
Explanation
§ Each year, the city receives Home Investment Partnerships Program (HOME) funds from the U.S. Department of Housing and Urban Development (HUD). These funds are intended to support the development, rehabilitation, and preservation of affordable housing for low-income households. In fiscal year 2026, the city received $2,976,749 in HOME funds.
§ On June 25, 2025, the city and the Charlotte-Mecklenburg Regional Housing Consortium (Consortium) released an open Request for Proposals (RFP) to invite HOME-eligible housing development proposals. The RFP is open to qualified Community Development Housing Organizations and other nonprofit housing organizations, with the goal of increasing the availability and affordability of housing for low- income households in Mecklenburg County. Proposals will be accepted on a rolling basis until all available HOME funds are allocated.
§ Community Housing Partners Corporation (Developer), a nonprofit that provides housing for low-income households across the southeast, proposes to develop The Family Residences at Oak Hill Apartments, a 46-unit multi-family affordable housing development located at 818 Blackwelder Drive (parcel identification number 003-282-60) in the Town of Davidson. The total project cost is estimated to be $14,944,512.
§ The Developer has received a Low-Income Housing Tax Credit award from the North Carolina Housing Finance Agency. Town of Davidson has also committed $500,000 in funding, approved by the town’s governing board on July 22, 2025.
§ To help fill a financing gap, the Developer requests $600,000 of HOME funds to support the development which will include:
- A 30-year deed restriction,
- 13 units at or below 30 percent area median income (AMI),
- Eight units at or below 50 percent AMI,
- 10 units at or below 60 percent AMI, and
- 15 units at or below 80 percent AMI.
§ City support is contingent upon the developer securing full project funding, which may include a funding request to the Mecklenburg County Board of Commissioners, anticipated for consideration in September 2025.
Background
§ HUD allows contiguous units of local governments to create consortiums to allow municipalities that would not otherwise qualify for HOME funding to be able to directly participate in the program and thereby collaborate on regional affordable housing initiatives. The current Consortium consists of the City of Charlotte as lead entity, as well as Mecklenburg County and the towns of Cornelius, Davidson, Huntersville, Matthews, Mint Hill, and Pineville.
§ On June 23, 2025, City Council adopted the city’s HUD Annual Action Plan which was developed in partnership with the Consortium and describes the city’s use of federal funding allocations.
§ Support of the proposed allocation is consistent with the priorities outlined in the Annual Action Plan, Housing Charlotte Framework and Affordable Housing Funding Policy.
Fiscal Note
Funding: Federal HOME funding
Attachments
Attachment(s)
Map