The Charlotte-Mecklenburg Housing Partnership said it has selected Standard Pacific Homes to build the first single-family homes at Brightwalk in Historic Double Oaks. The housing partnership developed the mixed-use neighborhood about one mile north of Uptown Charlotte. Irvine, Calif.-based Standard Pacific Homes will initially build about 20 homes priced from $120,000 to more than $300,000. [...]
Last month, the Charlotte City Council approved a new policy designed to spread subsidized, affordable housing throughout the city. Months in the making, the policy is supposed to ensure that affordable housing in not clustered in certain areas. But not everyone is singing its praises. Some city leaders and builders are worried that the policy [...]
In Charlotte, affordable housing has lately been at the fore of the “What role should government play?” debate. When voting for bond proposals Nov. 2, residents showed support for the city’s efforts to provide affordable-housing units. But the $15 million for affordable-housing projects was also the most contested of the bonds package OK’d by voters, [...]
According to the Out of Reach 2010 report from Washington, D.C.-based National Low Income Housing Coalition, more than 40 percent of renters in Charlotte cannot afford the fair-market rate for a two-bedroom rental unit. The report says a Charlotte renter must earn $15.50 an hour to afford the fair-market rate — $806 — for a [...]
