Charlotte's Housing Impact Fund Raises More than $100M to Buy and Rehab Apartments

Charlotte's Housing Impact Fund raises more than $100M to buy and rehab apartments

CHARLOTTE, N.C. – Charlotte is getting a big boost in affordable housing. The city’s Housing Impact Fund has raised more than $100 million to buy and fix up existing apartments to keep them affordable. The private sector money will go toward providing about 1,500 affordable housing units. Since 2020, the fund has secured more than 2,000 apartments for people like Aisha Johnson. She had been living in a hotel. Now she lives in the Lake Mist Apart…

Bowles/Schwab-led affordable housing fund raises $100 million in Charlotte

Housing Impact Fund raised more than $100 million in private capital to acquire and renovate more than 1,500 apartment units for low- and moderate-income residents in Charlotte. It’s the third and largest fund for the group launched in 2020 by retired Charlotte investment bankers Erskine Bowles and Nelson Schwab. Since 2020, the fund has acquired nearly 2,000 apartments, which are then renovated and protected with income restrictions so that the…

Housing Impact Fund Raises Unprecedented $102 Million For Affordable Housing in Charlotte

Housing Impact Fund (HIF), an innovative investment fund aimed at preserving and providing quality affordable housing in the increasingly expensive Charlotte rental market, today announced more than $100 million of private sector capital raised to acquire, renovate and protect 1,500 apartment units serving some 5,000 low- and moderate-income residents through its third and largest fund to date. The announcement follows HIF’s success in acquiring…