Housing Committee 04062026

The City of Charlotte Housing Committee convened on April 6, 2026, to discuss the current affordable housing funding cycle under the 2024 housing bond. Staff presented an overview of the 18 proposals requesting over $45 million in funding across rental housing production, home ownership, and innovation categories. The committee reviewed the Request for Proposal (RFP) process, evaluation criteria including location scoring, financial feasibility, and alignment with city priorities. Discussions included the competitive nature of tax credit projects, the importance of long-term affordability, and innovative development models such as city-directed land development and public ownership of land and improvements. The committee also addressed potential reallocations of unutilized innovation funds, the impact of rezonings on eligibility, and the need to revisit affordability thresholds, particularly the 20% requirement for units at 30% Area Median Income (AMI). Future actions include staff recommendations to the full council, potential policy adjustments for the upcoming 2026 bond, and upcoming agenda items related to land transfers and interlocal agreements for projects like Teacher Village. The meeting emphasized leveraging partnerships, innovation challenges, and strategic use of city-owned land to expand affordable housing options.