If you live in Charlotte, or have thought about moving into Charlotte, you will notice one thing… It is NOT cheap. Apartment prices have skyrocketed, going up and up in the Queen City for the past decade or so, which is leaving many residents with no option for housing.
It’s one of the biggest issues we have in Charlotte; the lack of affordable housing, and it seems like City Council is actually addressing it this week.
Monday, Charlotte leaders voted to fund a $25 million dollar project that would help pay for 14 affordable housing developments in the city. One councilman said that they new project would help create about 1,400 affordable housing units.
While the new developments is good news, the placement isn’t very even. SIX of the 14 potential projects are in district 3. on the city’s west side. Victoria Watlington, who represents that district, voiced her concerns on the project being concentrated in certain areas on the city instead of being spread evenly throughout.
The projects will now compete for tax breaks from the state, and we’ll see which projects will be brought to fruition.
I’m glad city council is recognizing, and trying to do something about the affordable housing issue in Charlotte, but I also believe this is just a first step, and we have a long way to go.