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Construction and Real Estate

$6.5M in bonds approved for building rehab

Although they hesitated, the Mecklenburg County Board of Commissioners approved granting up to $6.48 million in federal Recovery Zone Facility Bonds to Red City Properties Tuesday. But first, commissioners questioned whether their approval of the funding could entangle the board in an ongoing lawsuit ...

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City’s role in affordable housing questioned (access required)

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 ...

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Council to discuss revised housing policy

The Charlotte City Council tonight will discuss proposed changes to the city’s housing locational policy under which new subsidized multifamily rental units will be prohibited within certain neighborhoods. If approved, the units would be illegal in neighborhood statistical areas labeled “transitioning” or “challenged.” ...

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