The Charlotte Housing Authority's Real Estate Development area exists to provide the maximum number of high quality mixed income units that serve our target market and promote economic integration. In addition, this group is busy repositioning existing assets and seeking other development opportunities that economically self-supporting.
The department focuses on three integral parts of the affordable real estate market:
The real estate development department is responsible for developing or acquiring mixed income communities that include public housing units. The group is also charged with expanding the pool of developers and funding sources available to CHA for future projects. Affordable housing developers that choose to do business with the Authority will have the benefit of a ready source of below-market financing and a per unit subsidy.
The department has a strong record in mixed finance, leveraged development that has resulted in the successfully completing major redevelopments of four former public housing complexes. The CHA Real Estate Development department is very creative and, sensitive to the needs of development partners, and production oriented.