North Carolina Construction News staff writer
Charlotte city council has approved using $3.5 million from the Coronavirus State and Local Fiscal Recovery Fund to preserve 100 affordable units at Brookhill Village Apartments. Also, Mecklenburg County approved an additional $3.5 million investment during its July 6 Board of County Commissioners meeting.
The city will fund the ground lease acquisition through 2049 and renovations for units including:
- New heating and cooling units
- roof repairs or replacement
- Floor refinishing or replacement
- Storm doors and windows
- Interior and/or exterior painting where needed
- insulation improvements
Built in 1950, Brookhill Village Apartments was developed as a 418-unit development on approximately 35 acres along South Tryon. Most on-site buildings have since been demolished leaving 100 housing units on approximately nine acres.
City funding is contingent upon the developer keeping the 100 units affordable for the duration of the ground lease.
Seventy-eight of the affordable units are currently occupied (legacy households), primarily by families at 30% of the Area Median Income or below.
Twenty-two of the affordable units are vacant and will be part of The Harvest Center’s transitional housing program through 2049.
Thirty-nine legacy units will be transferred to The Harvest Center’s transitional housing program as residents leave those units voluntarily and the remaining 39 units will be maintained as affordable rental units for households high-income in the 30% to 80% area median income range.
The Harvest Center will also fund the construction of an administrative office and community resource center on the Brookhill Village property. Wrap-around services provided by The Harvest Center will be available to all Brookhill Village residents.