A Charlotte City Council committee has recommended against funding Settler’s Wood, a proposed low-income housing development on Harrisburg Road in east Charlotte, but eight other housing projects could get city funding.
Align Development LLC has proposed building 67 subsidized apartments at 7700 Harrisburg Road, which would cost $7.4 million. The developer had asked the city for $730,000 from Charlotte’s Housing Trust Fund.
Pamela Wideman, the city’s Housing Services director, said some council members were concerned there was already too much low-income housing in the area.
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“There is a belief that there is too much subsidized housing in District 5,” she told council members Monday night.
Wideman said the city has found there isn’t an unusually amount of government-supported housing in the area. But east Charlotte has a large number of private apartment complexes that have lower rents because that’s what the market will support, she said.
The city’s Housing and Neighborhood Development Committee unanimously voted against funding Settler’s Wood at its April 8 meeting.
The committee voted to recommend eight other developments for Housing Trust Fund dollars, though council member Ed Driggs voted against a controversial 70-unit complex off of Weddington Road.
The council will take an official vote on the recommendations later this month. Even the committee voted against Settler’s Wood, it will still be on the council agenda.
The projects would build 700 apartments across the city. Most of the units would either be for families earning 60 percent or less of the area’s median income, which translates to about 40,000 a year for a family of four.
Ninety-eight units would be for people earning 30 percent of the median income.
The apartments that could receive city money are:
▪ Thirty apartments at 1798 Baxter Street in Cherry. The $45 million project would need $1.45 million from the trust fund.
▪ The Magnolia Gardens project at 5223 Beatties Ford Road would build 82 units. The $10.4 million development would need $1 million from the city.
▪ The Rodden Square development would build 98 apartments at 6520 Mallard Creek Road. The $12.2 million project would need $1.2 million from the city.
▪ The Charlotte Housing Authority has proposed rebuilding the Tall Oaks Apartments in Cherry. The $11.5 million project needs $1.25 million from the city.
▪ The Charlotte-Mecklenburg Housing Partnership has proposed building 70 apartments at 3924 Weddington Road. The total cost of that project would be $9.7 million. The developer has asked the city for $1.4 million.
The City Council took a controversial vote to approve a rezoning for the project in January 2014.
▪ The Tuckaseegee Seniors project would add 64 apartments at 5915 Tuckaseegee Road. The project’s cost is $8 million. The city has been asked to contribute $1.3 million.
▪ Whitehall Crossing at 2600 West Arrowood Road would have 96 apartments. The $13.5 million project would need $1.44 million in city funding.
▪ Allen Street residences at 1321 Allen Street would have 112 apartments. The project would cost $15.2 million and needs $4.4 million in city funding.