Charlotte News

Charlotte Today News

West end non-profit awarded $600,000 for affordable housing

The Knight Foundation has awarded West Side Community Land Trust a $600,000 grant to continue its work in developing affordable housing. 

The grant will help fund the Nathanael Carr Senior Community, a 4.5 acre land site that will house 120 units of affordable, permanent living. 

Operational expenses and program enhancements, including preparing residents to be homebuyers, are a few expenses the grant will cover. 

A developer was looking to acquire the land until neighbors reached out to West Side Community Land Trust to purchase the land that will soon house the non-profit’s largest project to date.

“With our new investment, the Land Trust will continue to to engage Charlotteans in the process of building a more livable, inclusive and successful Historic West End,” Charles Thomas, director of the Knight Foundation in Charlotte said in a statement. 

West Side Community Land Trust was founded in 2017 by community members who wanted to combat gentrification and displacement. 

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

20 − six =