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 h...
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