City of Charlotte City Council Business Meeting Agenda April 27 2026
City Conveys Four Parcels to Habitat for $1
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Description
Charlotte approved the sale of four city-owned infill lots to Habitat for Humanity of the Charlotte Region for $1 to support the Housing Innovation Challenge and create affordable for-sale homes for buyers at or below 80% of area median income. The agreement includes a 15-year affordability period and a three-year delivery window for home completion.
Contract Details
Contract Amount
$1.00 (sale price for four properties)
Vendor
HABITAT FOR HUMANITY OF THE CHARLOTTE REGION
Agency
City of Charlotte, NC
Contract Type
FACILITIES
Document Date
April 27, 2026
Contract Term
Homes must be delivered within three years of conveyance; 15-year affordability period for buyers
Renewal Date
2029-12-31
Renewal Info
Conveyance conditioned on development and lot configuration plans; units must be available for occupancy within three years or property may revert to the city; 15-year affordability covenant on resulting homes.
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