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The committee voted 4-1 to keep advancing the Public Development Model, including hiring specialized legal help and issuing a request for qualifications to find development partners. It also reviewed updates to Charlotte’s Affordable Housing Funding Policy, with staff pointing to 15 affordable homeownership developments supported in the 2024 bond cycle and upcoming work on new investment priorities.
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The committee backed moving ahead with a public development approach for affordable housing, which uses city-owned land and bond financing to support mixed-income projects. Staff will now seek legal help and invite qualified developers to propose specific projects. The committee also discussed changes to Charlotte’s affordable housing funding policy for the next bond cycle, including stronger ties to transit, anti-displacement, and mixed-income development. A final policy update is expected to move forward later this summer.
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