After 11 years, Charlotte cuts ties with developer who didn’t build low-income housing
“After 11 years of waiting, the Charlotte City Council ended a partnership Wednesday with developer Peter A. Pappas to build affordable housing near the Scaleybark light-rail station. The original plan — created before the Lynx Blue Line opened in 2007 — called for a mixed-use development of apartments, shops and offices. It would have included 80 apartments for low-income residents, including some for the city’s poorest residents, who make less than 30 percent of the area median income. Those apartments would have been reserved for a family of four making $16,000 a year.”