This $58 million fund will buy, save affordable housing from vanishing
“A group of Charlotte investors has announced a $58 million Housing Impact Fund, aimed at saving 1,500 affordable apartments from disappearing in rapidly changing neighborhoods. The fund, which includes $15 million from Charlotte-based Truist, will purchase apartment complexes and restrict rents for low- and moderate-income households. It is the largest concentrated investment to save what’s known as “naturally occurring affordable housing,” or NOAH properties, in the city.”