The Charlotte City Council on Monday unanimously approved the allocation of $800,000 in federal funds to Habitat for Humanity of Charlotte and Goodwill Industries.
Under an agreement with the city, each nonprofit will receive $400,000 to rehabilitate homes owned by low- and moderate-income families. The city has the option of renewing the contracts.
City staff members recommended that the council disburse the funds, saying Charlotte’s agreements with Habitat for Humanity and Goodwill will help prevent homeowner displacement and improve living environments.
Charlotte’s 2016 Annual Action Plan governs the use of funds received by the U.S. Department of Housing and Urban Development. The plan affirms the basic goals of the city’s housing policy, which include the preservation of existing housing stock, the expansion of affordable housing supply, and the support of family self-sufficiency initiatives.