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Wednesday, October 26, 2016

Politics As Usual Regarding Affordable Housing In Charlotte

"The Charlotte City Council has said building affordable housing is one of its highest priorities, especially in the wake of the civil unrest after the Keith Lamont Scott shooting.

"But a proposed taxpayer-supported development near uptown raises questions about the council’s commitment to low-income housing, and whether the city will come close to its goal of building 5,000 subsidized units in three years.

"Developer Peter Pappas is planning a $200 million mixed-use project near Pearl Street Park, just outside of Interstate 277. The project would include a 170-room hotel, retail, office and 250 apartments.
No affordable units are planned.

"And the city and county haven’t made it a requirement – despite a tentative agreement that calls for taxpayers to give the developer roughly $4.4 million in tax rebates."

Affordable housing is a city priority. Developer may get millions without including it.

Read more here: http://www.charlotteobserver.com/news/politics-government/article110445082.html#storylink=cpy

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