Charlotte’s three-year-old private affordable housing fund released a progress report, saying the $53 million in private capital raised since 2019 had created or preserved 1,047 housing units.
Yes, but: Despite that progress, the affordability gap is still widening.
In CHOIF's recent report, LISC eluded to being in the process of launching a successor with the same mission to continue to invest in and alongside housing developers to create and preserve affordable housing.
Axios Charlotte | June 15, 2022