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Sunday, March 29, 2020

Mecklenburg County seeks developer for mixed-income housing development

Business

By Glenn Minnis | Dec 31, 2019

Housing2

Mecklenburg County is now accepting Requests for Qualifications (RFQ) for a developer that will be responsible for constructing and managing a mixed-income housing facility in Charlotte.

In addition, the county’s website notes that the developer will be responsible for the design and finance portion of the project, which is set to be built on a 14-acre stretch of land in the Grier Heights neighborhood.

Mecklenburg County’s growing housing crisis has received heightened attention of late, with the Mecklenburg Board of County Commissioners listing it as one of its top priorities for fiscal year 2020. Thus far, some of the possible solutions include rental subsidies, legal aid expansion and critical home repair.

“The selected developer must construct and manage affordable and market-rate products of varying types and sizes that aims to maximize the number of units, while also complementing the existing neighborhood," officials stated in RFQ. "The county desires a development that will stand the test of time, become a community asset and provide housing options for those most in need.”

Respondents must submit proposals with the following target household income levels: 20 to 25 percent of all units for those households with income at or below 30 percent of Area Median Income (AMI); 25 to 30 percent of all units for those households with income between 31 and 80 percent AMI; 25 to 30 percent of all units for those households with income between 81 and 120 percent AMI, and 25 percent of all units that are market-rate units.

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