Assisted housing on transit: The Council unanimously approved changes to the city’s assisted-multifamily housing at transit-station-area policy. A transit-station area is generally defined as the area within 0.5 miles walking distance of an identified rapid transit station, according to the city. Assisted multifamily is any multifamily rental housing receiving funds from local, state or federal government and serving households earning 60 percent or less of the area median income.
The city has been encouraging developers to set aside between 5 percent and 20 percent of total units in a in a transit-station area for assisted housing. The changes made to the policy clarify that one building within a multi-building development may be 100 percent assisted, and that the policy won’t apply to the Blue Line Extension of the light rail because market conditions there aren’t yet known.
The city will reevaluate this policy within the next two years.
Housing Partnership agreement: The Charlotte-Mecklenburg Housing Partnership has a HouseCharlotte Program that since 1996 has provided down-payment assistance to low-income families. The program provides money that can be used in closing costs and down payments if a family buys a home in an eligible neighborhood. The City Council unanimously approved extending the program by allowing the city manager to enter into an agreement to spend $231,000 on the program.