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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:
- Rental product development
- Rental product acquisition
- For sale product development
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.
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