Town of Davidson Board of Commissioners Meeting Agenda Packet April 2026
Town Weighs $100K Aid for Habitat Triplex Buyers
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Description
The Town of Davidson is considering reallocating $100,000 from its FY2026 Affordable Housing budget to provide down payment assistance for buyers of Habitat for Humanity of the Charlotte Region’s Shearer Street triplex. The funds would be structured as 30-year forgivable loans, capping mortgage payments at 30% of borrower income.
Contract Details
Contract Amount
$100,000 (up to $33,333 per unit)
Vendor
HABITAT FOR HUMANITY OF THE CHARLOTTE REGION
Agency
Town of Davidson, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
30-year forgivable loans to individual buyers
Renewal Info
One-time reallocation of Critical Home Repair funds to Down Payment Assistance; assistance provided as 30-year forgivable loans to eligible buyers.
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